{"id":82922,"date":"2023-08-11T11:25:45","date_gmt":"2023-08-11T08:25:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=82922"},"modified":"2025-09-12T07:56:09","modified_gmt":"2025-09-12T04:56:09","slug":"unknown-user-burns-tokens-and-nfts-worth-3-6-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/unknown-user-burns-tokens-and-nfts-worth-3-6-million\/","title":{"rendered":"Unknown user burns tokens and NFTs worth $3.6 million"},"content":{"rendered":"

An unknown user with the identifier nd4.eth burned GMX and GNS worth $3.59 million, as well as several valuable \u043d\u0435\u0432\u0437\u0430\u0438\u043c\u043e\u0437\u0430\u043c\u0435\u043d\u044f\u0435\u043c\u044b\u0445 \u0442\u043e\u043a\u0435\u043d\u043e\u0432<\/a>.<\/p>\n

\"Snimok-ekrana-2023-08-11-v-11.05.40\"
Data: X<\/a>.<\/figcaption><\/figure>\n

According to Arkham Intelligence analysts, the user sent to the burn address NFTs from the Bored Ape Yacht Club collection (#289<\/a> and #71<\/a>), Mutant Ape Yacht Club (#3573<\/a>, #1826<\/a> and #1368<\/a>) and Crypto Punk (#5237<\/a>), valued at about $225,000.<\/p>\n

He also burned one token each of BAYC, MAYC and BAKC for $88,000.<\/p>\n

On July 26, nd4.eth burned 2,500 ETH<\/a> (~$4.58 million at the time of the transaction) for no obvious reason. Later he spent 5,330 stablecoins<\/a> DAI to buy GMX and GNS tokens. On the same day, the user burned 1.5 ETH, 600 GNS and 34.9 GMX for about $7,000.<\/p>\n

\n

\u201cSince January this year, nd4.eth bought GNS for $1.8 million and GMX for over $1 million via Uniswap. He decided to burn all these assets in the last two hours \u2014 with no explanation so far,\u201d Arkham noted.<\/p>\n<\/blockquote>\n

Analysts say the user’s trading volume on Binance exceeds $20 million, and on Uniswap\u2014$25 million.<\/p>\n

In February, NFT collector Brandon Riley accidentally sent<\/a> CryptoPunk #685 to the burn address. He purchased the token for 77 ETH \u2014 about $129,000 at the time.<\/p>\n

In June, a group of Bitcoin enthusiasts specifically burned CryptoPunk #8611<\/a> worth $94,000. Later, based on the destroyed token, the inscription Ordinals<\/a> appeared.<\/p>\n","protected":false},"excerpt":{"rendered":"

An unknown user with the identifier nd4.eth burned GMX and GNS worth $3.59 million, as well as several valuable non-fungible tokens (NFTs).<\/p>\n","protected":false},"author":1,"featured_media":82923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1268],"class_list":["post-82922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-on-chain-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=82922"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82922\/revisions"}],"predecessor-version":[{"id":82924,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/82922\/revisions\/82924"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/82923"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=82922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=82922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=82922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}