🚨 Ethereum Shock: 913K ETH Lost Forever — A Wake-Up Call for Web3! 💥
More than 913,000 ETH — worth over $3.4 billion — has been lost due to user errors alone 😱. When combined with Ethereum's EIP-1559 burn mechanism, this means over 5% of total ETH supply is now permanently gone 🔥📉.
Coinbase executive Conor Grogan confirmed this shocking reality, underlining the critical importance of on-chain security and user education in the decentralized world 🔐📚.
This is not just a loss in value — it’s a permanent shrinkage of Ethereum's supply, adding even more scarcity to an already deflationary asset. 🧠📊
As crypto matures, this massive figure is a reminder:
In Web3, you are your own bank — but also your own responsibility. 🧠💼
✅ Always double-check wallet addresses
✅ Use secure devices & backups
✅ Stay informed and cautious!
📌 This event adds fuel to the long-term bullish case for $ETH due to its increasingly scarce supply. But it also highlights the need for better UX and safety tools in the ecosystem.$ETH