There is a user, identified by the nickname nd4.eth, who is burning crypto and NFTs.
Arkham, which has already detected several burns carried out by nd4.eth, is chronicling his exploits.
After a day of silence, nd4.eth burned another $3.59M worth of tokens today – most of which he has held for months.
Since January this year, nd4.eth bought $1.8M of GNS and >$1M of GMX from Uniswap.
He decided to burn it all in the past 2 hours – still with no explanation. https://t.co/b1HFbyqa7J pic.twitter.com/SAh3GBbYxA
— Arkham (@ArkhamIntel) August 10, 2023
Initially, he had only burned tokens, but later he also did the same to NFTs.
Burning crypto and NFTs
Tokens or NFTs that are created on the blockchain can be burned.
NFTs are also tokens, except that they are non-fungible unlike other tokens.
Burning a token simply means sending it to an address whose private keys are known not to exist.
Indeed, the only way to be able to use a token is to be in possession of the private
We współpracy z: https://en.cryptonomist.ch/2023/08/15/user-burned-crypto-nft/
