ChainCatcher message display, the supply of Wrapped Bitcoin (WBTC) on the Ethereum network decreased from 146,734 to 140,890 in just eight days, a reduction of 5,844. This change has attracted widespread attention in the market.
The on-chain transaction monitoring platform BTCparsers reported that one transaction destroyed 5,182.34 WBTC. Such a large-scale WBTC flow is extremely rare on the Ethereum chain, especially this destruction event, which has sparked many speculations in the market.
This phenomenon may reflect changes in market participants' demand for WBTC or adjustments to asset management strategies on the Ethereum network. Regardless of the reason, this event provides rich research material for on-chain data analysis.