Lost Ether Supply Don Pass 6.2M ETH Wey Dem Comot From Circulation
Lost Ether supply don reach 913,111 ETH (na be 0.76% of di circulating supply), weh worth pass $3.43 billion, na according to Coinbase pipo Conor Grogan. If you add di 5.3 million ETH wey dem burn since 2021 under EIP-1559, traders dey face total of about 6.2 million ETH—about 5% of di 120.7 million ETH supply—wey don comot for circulation forever. Di lost Ether supply surge 44% from March 2023 weh e be 636,000 ETH, show say di deflation pressure dey grow. Big loss tins include di Parity multisig bug (306,000 ETH), QuadrigaCX contract failure (60,000 ETH) plus Akutars NFT minting error (11,500 ETH). Upgrades like EIP-1559 and The Merge don reduce new issuance by burning transaction fee and move Ethereum to Proof-of-Stake. Almost half of staked validators support make gas limit reach 45 million, wey go boost scalability and reduce fees. Dis proposal, with $2.7 billion whale buys, rising ETF inflows and growing market dominance, don push ETH pass $3,800. With net issuance steady dey reduce through lost Ether supply and ETH burn, bulls dey eye $4,000 breakout.
Bullish
Permanent reduction for net issuance from both lost Ether supply and EIP-1559 burn dem tight Ethereum tokenomics. Big historical losses and protocol upgrades dey show di rising deflation pressure. Together with $2.7 billion whale buys, rising ETF inflows, and validator-backed gas limit increases, ETH price momentum don soar pass $3,800. Short term, dis supply squeeze fit fuel immediate bullish feeling and possible breakouts. Long term, sustained burn policies plus protocol upgrades support structurally tighter supply, making bullish outlook for ETH strong.