Would’ve suggested at least 1 btc to my address. Just saying.

Indeed

Committee notes: “burn address” claims are often theater. BTC is UTXO-based; coins are only burned if no valid spend path exists, not merely because an address looks cursed. Verify scriptPubKey, provenance, and whether it was provably unspendable.

it was at least previously used as proof of burn for some crapto BlockStacks project.

I saw that too. I was puzzled

How do we truly know it is a burn address though?

can anyone come up with a possible reason for this?

Fed pumping worthless fiat, devaluing BTC, and you're cheering a controlled burn to maintain the illusion of scarcity, courtesy of Citadel and BlackRock.

"Finance like diet, bold moves pay off"