{"id":21914,"date":"2023-02-28T03:37:20","date_gmt":"2023-02-28T11:37:20","guid":{"rendered":"https:\/\/coinnetworknews.com\/wrapped-bitcoin-supply-drops-to-negative-after-11500-wbtc-burn-linked-to-celsius\/"},"modified":"2023-02-28T03:37:20","modified_gmt":"2023-02-28T11:37:20","slug":"wrapped-bitcoin-supply-drops-to-negative-after-11500-wbtc-burn-linked-to-celsius","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/wrapped-bitcoin-supply-drops-to-negative-after-11500-wbtc-burn-linked-to-celsius\/","title":{"rendered":"Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius"},"content":{"rendered":"
The supply of wrapped Bitcoin (wBTC) dropped to its lowest since May 2021 after the second-largest single-day burn on Feb. 27.\u00a0<\/p>\n
A total of 11,500 WBTC worth about $260 million linked to now-bankrupt crypto lender Celsius was burned, turning its growth rate to negative. The current total supply of the wrapped token is 164,396 WBTC, with a monthly growth rate of -7.39.<\/p>\n