Crypto user burns $8 million in tokens and NFTs as mystery continues | Headlines | News | CoinMarketCap

08/11/2023 00:49
Crypto user burns $8 million in tokens and NFTs as mystery continues | Headlines | News | CoinMarketCap

In another puzzling move, the unknown individual using the Ethereum Name Service identifier nd4.eth destroyed $3.3 million worth of GMX and GNS …

In another puzzling move, the unknown individual using the Ethereum Name Service identifier nd4.eth destroyed $3.3 million worth of GMX and GNS tokens, as well as several valuable non-fungible tokens, for no apparent reason.

The individual sent the assets to a designated null address, thereby relinquishing ownership and removing them from supply. The latest move came just a few days after the same person burned 2,500 ether worth $4.5 million.

So far, nd4.eth has burned over $8 million in crypto assets.

The NFTs that were sent to a designated burn address include 0xdea…069, pieces from the Bored Ape Yacht Club (#289 and #71), three Mutant Ape Yacht Club NFTs (#3573, #1826 and #1368), and Crypto Punk #5237. The total estimated value of the destroyed NFTs, based on current floor prices, …

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