Mysterious Crypto Trader Burns Over $4.6 Million in Ethereum and Premium NFTs

0 5

Mysterious Crypto Trader Burns Over $4.6 Million in Ethereum and Premium NFTs

knife

In the latest wave of onchain mystery, enthusiasts of the crypto world have been abuzz with talks about an enigmatic address that has been annihilating millions of dollars in crypto assets, as well as blue chip non-fungible tokens (NFTs). Specifically, on July 26, 2023, this very wallet sent 2,500 ether, valued at over $4.6 million, to a well known burn address, a definitive action that ensures those funds are irretrievable and permanently removed from circulation.

Mystery Crypto Address Annihilates Millions in Assets: From 2,500 Ether to Blue-Chip NFTs

Picture possessing 2,500 ether, only to spontaneously decide to obliterate the funds by transferring the crypto assets, valued at $4.6 million, to a burn address. This exact scenario unfolded when the crypto address nd4.eth executed this irreversible action on July 26, 2023, and it hasn’t ceased its relentless destruction of crypto assets since.

On August 9, 2023, Arkham Intelligence’s X account explained that nd4.eth transferred three blue-chip NFTs, namely a Bored Ape Yacht Club, a Mutant Ape Yacht Club, and a Bored Ape Kennel Club. These three NFTs, Arkham detailed, carried a combined value of $88,300.

“These tokens are all completely unrecoverable. Why would someone do this?” Arkham asked.

The discussion further observed that nd4.eth incinerated $18,000 worth of APE, along with other crypto assets like GNS and GMX, amounting to a few thousand dollars. Arkham noted that nd4.eth functioned as a trader, boasting a substantial $25 million counterparty volume with Uniswap and $20 million with Binance.

“[nd4.eth] received around 5.5K ETH in Dec 2022 from enditall.eth, but [nd4.eth] didn’t burn that – instead bridging it to Arbitrum, and buying GMX,” Arkham explained. The burn address itself carries a notable reputation, as Vitalik Buterin famously transmitted a large sum of SHIB to the address in 2021.

Although the burn address is home to the notorious SHIB from Buterin, the 2,500 ETH from nd4.eth constitutes its entire holding in terms of ethereum (ETH), with the sole exception being a cumulative total of 3.24 ETH, dispatched by a large handful of other senders. Statistics show nd4.eth held a total of 11,058 ETH worth roughly $17 million and it now holds 0.00254 ether worth just over $4.

What do you think about nd4.eth’s unusual activity? Share your thoughts and opinions about this subject in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 67,265.02
ethereum
Ethereum (ETH) $ 3,519.83
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 596.55
solana
Solana (SOL) $ 174.38
staked-ether
Lido Staked Ether (STETH) $ 3,519.21
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.593096
dogecoin
Dogecoin (DOGE) $ 0.133354
the-open-network
Toncoin (TON) $ 7.29
cardano
Cardano (ADA) $ 0.437253
tron
TRON (TRX) $ 0.134991
avalanche-2
Avalanche (AVAX) $ 29.11
shiba-inu
Shiba Inu (SHIB) $ 0.000018
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,194.00
polkadot
Polkadot (DOT) $ 6.37
chainlink
Chainlink (LINK) $ 14.27
bitcoin-cash
Bitcoin Cash (BCH) $ 395.45
near
NEAR Protocol (NEAR) $ 6.33
uniswap
Uniswap (UNI) $ 8.02
litecoin
Litecoin (LTC) $ 73.30
dai
Dai (DAI) $ 1.00
leo-token
LEO Token (LEO) $ 5.70
wrapped-eeth
Wrapped eETH (WEETH) $ 3,670.81
pepe
Pepe (PEPE) $ 0.000012
matic-network
Polygon (MATIC) $ 0.543045
internet-computer
Internet Computer (ICP) $ 10.35
kaspa
Kaspa (KAS) $ 0.181838
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.46
ethereum-classic
Ethereum Classic (ETC) $ 23.97
aptos
Aptos (APT) $ 7.41
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.105354
monero
Monero (XMR) $ 163.68
mantle
Mantle (MNT) $ 0.897413
blockstack
Stacks (STX) $ 1.92
render-token
Render (RNDR) $ 7.11
filecoin
Filecoin (FIL) $ 4.72
hedera-hashgraph
Hedera (HBAR) $ 0.07522
injective-protocol
Injective (INJ) $ 27.53
dogwifcoin
dogwifhat (WIF) $ 2.65
maker
Maker (MKR) $ 2,831.93
arbitrum
Arbitrum (ARB) $ 0.781877
okb
OKB (OKB) $ 43.09
cosmos
Cosmos Hub (ATOM) $ 6.52
immutable-x
Immutable (IMX) $ 1.65
crypto-com-chain
Cronos (CRO) $ 0.094059
vechain
VeChain (VET) $ 0.030789
bittensor
Bittensor (TAO) $ 340.57
arweave
Arweave (AR) $ 34.25
optimism
Optimism (OP) $ 1.92
bonk
Bonk (BONK) $ 0.000031
sui
Sui (SUI) $ 0.852289
the-graph
The Graph (GRT) $ 0.218389
first-digital-usd
First Digital USD (FDUSD) $ 1.00
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,565.97
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,933.12
floki
FLOKI (FLOKI) $ 0.000199
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,655.77
lido-dao
Lido DAO (LDO) $ 1.93
notcoin
Notcoin (NOT) $ 0.016253
thorchain
THORChain (RUNE) $ 4.87
theta-token
Theta Network (THETA) $ 1.64
bitget-token
Bitget Token (BGB) $ 1.14
ondo-finance
Ondo (ONDO) $ 1.09
aave
Aave (AAVE) $ 99.81
based-brett
Brett (BRETT) $ 0.149367
whitebit
WhiteBIT Coin (WBT) $ 10.15
fantom
Fantom (FTM) $ 0.524564
jasmycoin
JasmyCoin (JASMY) $ 0.030182
jupiter-exchange-solana
Jupiter (JUP) $ 1.04
pyth-network
Pyth Network (PYTH) $ 0.368777
algorand
Algorand (ALGO) $ 0.159047
celestia
Celestia (TIA) $ 6.54
coredaoorg
Core (CORE) $ 1.43
sei-network
Sei (SEI) $ 0.39906
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,508.33
mantra-dao
MANTRA (OM) $ 1.32
quant-network
Quant (QNT) $ 75.53
gatechain-token
Gate (GT) $ 7.85
flow
Flow (FLOW) $ 0.653397
elrond-erd-2
MultiversX (EGLD) $ 36.16
beam-2
Beam (BEAM) $ 0.019158
axie-infinity
Axie Infinity (AXS) $ 6.47
popcat
Popcat (POPCAT) $ 0.977924
gala
GALA (GALA) $ 0.025937
kucoin-shares
KuCoin (KCS) $ 9.92
bitcoin-sv
Bitcoin SV (BSV) $ 47.62
msol
Marinade Staked SOL (MSOL) $ 209.26
eos
EOS (EOS) $ 0.614469
tokenize-xchange
Tokenize Xchange (TKX) $ 11.17
flare-networks
Flare (FLR) $ 0.020208
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,580.84
bittorrent
BitTorrent (BTT) $ 0.00000090484243
dydx-chain
dYdX (DYDX) $ 1.44
ethereum-name-service
Ethereum Name Service (ENS) $ 26.62
ordinals
ORDI (ORDI) $ 41.24
akash-network
Akash Network (AKT) $ 3.59
neo
NEO (NEO) $ 12.02
ethena
Ethena (ENA) $ 0.489797