🔥 Bullish News for $ETH Holders: Over 5% of Supply Permanently Removed 🔥
A recent breakdown from Coinbase executive Conor Grogan highlights just how much $ETH has been lost forever — a trend that quietly strengthens the asset’s scarcity.
💸 Key Highlights:
An estimated 913,111 ETH (around $3.43 billion) have been permanently lost due to user mistakes — from accidental burns to contract mishaps. This alone represents about 0.76% of all ETH in existence.
Add in the 5.3 million ETH destroyed by the EIP-1559 upgrade (which burns a portion of transaction fees), and more than 5% of the total supply has now been removed — worth roughly $23.4 billion.
Notable losses include:
• 306,000 ETH stuck by the Web3 Foundation due to contract bugs
• 60,000 ETH lost by Quadriga
• 11,500 ETH gone in the Akutars minting mishap
• 25,000 ETH intentionally sent to burn addresses by users
And these figures don’t even count ETH that’s locked away forever due to lost private keys — meaning the real total could be even higher.
📉 What This Means for Holders:
Ethereum’s supply is quietly shrinking. With ongoing burns and accidental losses, $ETH is steadily becoming more scarce — which can be a strong long-term catalyst for price appreciation if demand remains steady or grows.
#Ethereum #ETH #CryptoNews #HODL
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