Ethereum Sees Significant Decrease In WBTC Supply

According to Odaily, the supply of Wrapped Bitcoin (WBTC) on the Ethereum blockchain experienced a notable decline over a recent period. On November 16, the WBTC supply was recorded at 146,734 tokens. However, by November 24, this number had decreased to 140,890 WBTC, marking a reduction of 5,844 tokens within a week. This significant movement in WBTC supply was highlighted by btcparser.com, a platform that monitors Ethereum transactions. The platform identified a transaction involving the destruction of 5,182.34 WBTC. The operators of btcparser.com noted that such a large movement of WBTC on the Ethereum chain is quite rare. Interestingly, this time, the tokens appear to have been destroyed, which adds an unusual aspect to the transaction.