PANews reported on November 25 that according to Bitcoin.com, from November 16 to November 24, the total supply of Wrapped Bitcoin (WBTC) on the Ethereum network dropped from 146,734 to 140,890, a decrease of 5,844.

In addition, data from the on-chain transaction monitoring platform BTCparsers showed that 5,182.34 WBTC were destroyed in a single transaction. The operator of BTCparsers said: "It is very rare to see such a large-scale flow of WBTC on the Ethereum chain. Interestingly, they seem to have been destroyed this time."

Earlier on November 20, Coinbase announced that it would delist wBTC, and the wBTC team responded by expressing regret and surprise .