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Ethereum’s Circulation Supply Hits New Low Since the Merger

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It is reported that the total circulation supply of Ethereum has dropped to 120487600, a new low since the merger, according to the data of Ultrasound.money, w…

Ethereum’s Circulation Supply Hits New Low Since the Merger

It is reported that the total circulation supply of Ethereum has dropped to 120487600, a new low since the merger, according to the data of Ultrasound.money, with a decrease of about 33500 ETHs compared with the merger.

The circulation supply of Ethereum decreased by about 33500 ETHs

Interpretation of the news:


The world of cryptocurrency can be highly unpredictable, and Ethereum, one of the largest cryptocurrencies by market capitalization, is no exception. Recently, it was reported that Ethereum’s circulation supply has dropped to a new low of 120,487,600, a decrease of around 33,500 ETHs compared with the previous all-time low after the merger.

This news was revealed by Ultrasound.money, a website that monitors Etheruem’s economic activity. The data provided by the website showed that the ongoing decline in circulating supply of Ethereum comes as the demand for the cryptocurrency continues to rise. This development is a cause for concern for many investors and traders who are hoping that the price of Ethereum will experience a substantial increase in the near future.

The merger, which refers to the London upgrade of the Ethereum network, introduced new and significant changes to the system, including the implementation of the Ethereum Improvement Proposal (EIP) 1559. This upgrade was aimed at addressing some of the limitations of the previous network and making Ethereum more efficient.

Despite these improvements, Ethereum’s circulation supply has been on the decline since the merger. This decrease is largely attributed to the implementation of EIP-1559, which has led to the burning of ETH tokens. The burning of tokens means that the tokens are destroyed, and their supply reduced, ultimately leading to a decrease in the circulating supply of Ethereum.

While the decrease in supply can be concerning for investors, it can also have a positive impact on the value of the cryptocurrency. Given the current demand for Ethereum, a decrease in supply could lead to an increase in price, making it a more valuable investment.

In conclusion, Ethereum’s circulation supply has hit a new low since the merger. This decrease can be attributed to the implementation of EIP-1559, which has led to the burning of ETH tokens. This development could have both positive and negative impacts on the cryptocurrency market, especially as demand for Ethereum continues to rise.

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