On July 26, user nd4.eth sent 2,500 ETH (~$4.58 million at the time of writing) to a burn address. This was brought to the attention of journalist Colin Wu. source – https://twitter.com/WuBlockchain/status/1688480402443497472

According to onchain data, on July 29, he spent 5,330 DAI stablecoins to buy GMX and GNS tokens. On the same day, nd4.eth burned 1.5 ETH, 600 GNS and 34.9 GMX worth about $7000.

Any ideas ? What’s happened ?