Observers in the crypto space were stunned when nd4.eth sent 2,500 ether ($4.5 million) to a burn address for currently unknown reasons.
- An unknown person, identified by ENS name nd4.eth, burned 2,500 ether ($4.5 million).
- The exact motive behind this burn remains unknown.
Observers in the crypto space were stunned when an unknown individual using the ENS name nd4.eth sent 2,500 ether ($4.5 million) to a burn address. This act effectively destroyed the coins for no specific reason.
The transfer took place on July 26 but only just gained widespread attention, leading to a surge in speculation and curiosity within the crypto community. The specifics of why this was done are still scant.
While many are perplexed by the fact that someone would destroy $4.5 million worth of ether seemingly without reason, others instead jokingly applauded the individual for effectively reducing Ethereum’s supply — aligning with the “Ethereum’s Ultrasound Money” narrative.
Source : [Ethereum community baffled by mysterious $4.5 million ether burn incident](www.theblock.co/post/243514/ethereum-mystery-burn?utm_source=feedly&utm_medium=rss) by Vishal Chawla - Ether burned in mysterious transaction•The Block by Vishal Chawla / August 07, 2023