Data: The total supply of WBTC on the Ethereum network decreased by 5844 in 8 days
According to reports, from November 16th to November 24th, the total supply of Wrapped Bitcoin (WBTC) on the Ethereum network decreased from 146,734 to 140,890 coins, a reduction of 5,844 coins. In addition, data from the on-chain transaction monitoring platform BTCparsers shows that a single transaction destroyed 5,182.34 WBTC. The operator of BTCparsers stated: "Seeing such large-scale WBTC movement on the Ethereum chain is very rare; interestingly enough it seems they were destroyed this time."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IBIT options price trading more calmly after Bitcoin rebound

El Niño disrupts palm oil: Indonesia and Malaysia's production expected to drop by 3% in 2027, price may rise towards $1226
Continuous drought caused by a strong El Niño is expected to reduce yields next year, and palm oil production in Indonesia and Malaysia is projected to decline by 2027, tightening global supply and pushing prices higher.
FactSet appoints former Robeco COO Marcel Prins to board