On-Chain Analyst: Gate.io Q4 2024 Suspected Burn of $63.88 Million GT

BlockBeats News, March 6th, according to ai_9684xtpa monitoring, 8 hours ago, the Gate hot wallet transferred 2,904,885 GT to the address 0x2b8…5f308 (worth 63.88 million US dollars). The address is exactly the same as the receiving address in the third-quarter official burn record. If the burn is confirmed, the total GT burn amount will increase to 177 million tokens (approximately 3.9 billion US dollars); currently, Gate has not yet released the fourth-quarter burn announcement, so official information should be referred to.

It is reported that due to this news, GT momentarily surpassed $22.215 and is now trading at $22.183.