Wrapped Bitcoin supply drops to negative after 11,500 wBTC burn linked to Celsius By Cointelegraph

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

A total of 11,500 wBTC ($260 million) linked to now-bankrupt crypto lender Celsius was burned, turning its growth rate negative. The current total supply of the wrapped token is 164,396 wBTC, with a monthly growth rate of -7.39%.