On-chain analyst: Gate.io allegedly burned $63.88 million worth of GT in Q4 2024

2025-03-06 12:35:27
Collection

ChainCatcher news, according to monitoring by ai_9684xtpa, 8 hours ago, the Gate hot wallet transferred 2,904,885 GT (worth 63.88 million USD) to the address 0x2b8…5f308. This address is completely consistent with the receiving address in the destruction records officially announced in the third quarter. If the destruction is confirmed, the total amount of GT destroyed will increase to 177 million (approximately 3.9 billion USD); currently, Gate has not yet released the destruction announcement for the fourth quarter, and official information should be considered as the standard.

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