Data: Paxos Treasury burned nearly 120 million BUSD, and in the past two days, the market value of BUSD has shrunk by over 1 billion dollars
ChainCatcher news, Whale Alert tweeted that Paxos Treasury destroyed 117,401,943 BUSD at 07:54:47 UTC on February 15.With the ongoing destruction, the market capitalization of BUSD has significantly shrunk over the past two days. According to Coingecko data, the market cap of BUSD was approximately $16.204 billion on February 13, and is currently around $15.203 billion, a decrease of over $1 billion. (source link)