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Fact Sep 22, 2025

12% in a day — the great burn and the seven 1% wallets

In the space of fifty minutes (13:03–13:53 UTC), the Deployer-descended cluster (baee/HUB) burned 80.35T — 12.05% of total supply — in four transactions to the dead address. Together with July, cumulative burns reached 92.81T = 13.92%. Immediately after, over about five minutes, HUB sent exactly 6.6667T = 1.00% of supply each to seven fresh wallets in consecutive transfers (7.00% total). The seven wallets have not moved a drop since (as of this writing). All 11 txs are confirmed on-chain. Note: dead-address transfers do not reduce the displayed total_supply (this is quarantine to an unrecoverable address, not a true burn function) — the Observatory records it as a de-facto burn. That same week, volume hit a 1-year peak of $5M (Sep 23), price hit a 1-year high (Sep 25), and holders grew +459 for the month — the myth, the real burns, and the market all crossed in a single month (causation unconfirmed). No one knows the intent. What remains is the geometry: exactly 1% × 7. 🐦‍⬛

Evidence

First of the seven 1% transfers (6 more follow in sequence)0x6cc49fb3d4837643403543f65b9d6b86309588f3603129ec6ebebf20b270ef1f ↗

Source

Etherscan · Blockscout

Open in the Observatory