Research on $wBTC ─ Highlighting on the Concerns & the Findings
Twitter user Small Cap Scientist's highlighted the concerns on his findings on $wBTC.

Twitter user Small Cap Scientist's highlighted the concerns on his findings on $wBTC.
The crypto community is concerned that the transfer could result in more than $500 million in Bitcoin flowing into the market.
The crypto community is concerned that the transfer could lead to the dumping of more than $500 million Bitcoin into the market.
Since last July, NFT transfers on the Ethereum network have outpaced stablecoins and ERC-20 tokens, while on-chain minting of WBTC has flattened out this month.