The user destroyed an NFT worth more than $3.5 million.

An anonymous user with the ID nd4.eth decided to burn GMX and GNS tokens. The amount of their destruction amounted to more than 3.5 million dollars. In addition, he burned several unique NFTs.

What the experts say

Arkham Intelligence specialists reported that nd4.eth were sent to the address of the destruction of NFTs that were part of the collection of Bored Ape Yacht Club, Crypto Punk and others. Their price was approximately 225 thousand dollars.

In addition, he decided to liquidate BAYC, MAYC and BACK, the price of which reached 88 thousand dollars.

At the end of July, the same account destroyed 2.5 thousand ethereums worth more than $ 4.5 million (this is at the time of the operation). At the same time, there were no apparent reasons for this. He also used more than 5.3 stable DAI coins to buy GMX and GNX coins. At the same time, he destroyed 1.5 ETH and other coins, the total amount of which amounted to 7 thousand dollars.

The company noted that he spent $2.8 million to buy GMX and GNS coins. He did it on the Uniswap cryptocurrency exchange. However, now I have decided to destroy these tokens in 2 hours. At the same time, he did not give an explanation for his act.

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