An unknown person sent 2,500 ETH ($4.5 million) to a burn address, causing the coins to be effectively wiped out for no apparent reason.
"Ethereum's Ultrasound Money"
The transfer happened on July 26 but only lately received considerable attention, sparking speculations and intrigue in the crypto space.
While some people are baffled by why someone would destroy $4.5 million worth of Ether seemingly without cause, others jokingly praised the perpetrator for successfully lowering the supply of Ethereum, in line with the "Ethereum's Ultrasound Money" narrative.
Sending tokens to a specified address, in this case 0xdea...069, is typically the way to burn tokens, which permanently removes them from circulation.