๐ Someone just burned 107 BTC worth $8.2 million
The Bitcoin network just witnessed one of the strangest transaction series lately ๐ถ
An unknown entity sent 5 transfers to the legendary burn address:
1111111111111111111114oLvT2
In total, around 107.13 BTC went there โ that's about $8.2 million.
And yes, this isn't your regular wallet.
This is a burn address: coins on it remain visible on the blockchain, but spending them is practically impossible. Essentially, BTC are permanently removed from circulation.
Transfer amounts:
โซ๏ธ 20.0099 BTC
โซ๏ธ 1.4158 BTC
โซ๏ธ 36.7874 BTC
โซ๏ธ 28.8899 BTC
โซ๏ธ 20.0269 BTC
All transactions were processed in a single block โ 950962.
The craziest part:
this address has already accumulated over 800 BTC ๐ญ
At the current rate, that's over $62 million just sitting in a digital grave.
Right now, several theories are being discussed:
1๏ธโฃ deliberate burning as an ideological statement
2๏ธโฃ a monstrous mistake worth $8 million
3๏ธโฃ ties to old Mt. Gox addresses
4๏ธโฃ an attempt to leave an โon-chain messageโ in Bitcoin's history
But the fact remains:
someone just possibly permanently destroyed more than 107 BTC.
Ps: In a world where people freak out over a $5 fee, someone calmly sends $8 million into a digital black hole ๐ฌ
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