Wrapped Bitcoin provide drops to destructive after 11,500 wBTC burn linked to Celsius

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The provide of wrapped Bitcoin (wBTC) dropped to its lowest since May perchance perchance 2021 after the second-largest single-day burn on Feb. 27.

A crammed with 11,500 wBTC ($260 million) linked to now-bankrupt crypto lender Celsius became once burned, turning its growth rate destructive. The contemporary entire provide of the wrapped token is 164,396 wBTC, with a monthly growth rate of -7.39%.

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