Vanished Into the Ether: Over 913,000 ETH Now Permanently Lost
Poof—gone forever. Ethereum's black hole of lost coins just swallowed another chunk of its supply, hitting a mind-bending 913,111 ETH. That's enough to make a hedge fund manager cry into their overpriced sushi.
Where coins go to die
Between forgotten passwords, burned addresses, and tragic hardware failures, the graveyard of lost ETH keeps expanding. Unlike traditional finance—where banks will happily 'find' your money for a 35% fee—crypto's irreversibility cuts both ways.
The scarcity equation flips
While gold bugs argue about underground reserves, Ethereum's vanishing act actually tightens supply. Every lost coin effectively mintsa new diamond-handed HODLer—one who'll never, ever sell. Talk about ultra-sound money.
Wake-up call or feature?
Some call it carelessness. Others see poetic justice in a system where true ownership means true responsibility. Either way, those 913k coins aren't coming back—making every remaining ETH just a little bit rarer.
Ethereum supply dynamics support bullish thesis
The tokenomics of Ethereum have grown more deflationary. Following the Merge in September 2022, the issuance of ETH was significantly reduced as the network technology changed to proof-of-stake. In 2021, EIP-1559 decreased its available supply by burning a small percentage of transaction fees.
Prior to the Merge, Ethereum had a total amount of 120.5 million ETH. It has slowly dropped since then, but has since picked up gradual growth in 2024 at 120.7 million. Although Ethereum has no maximum limit, like Bitcoin, its slower issuance has kept inflation at bay. Market participants view this supply tendency as one of the reasons for long-term price increases.
According to Lookonchain, Ethereum whales have purchased more than $2.7 billion worth of ETH within a week. According to analysts, the measure is an indication of growing market control and regulatory transparency.
ETH gains momentum
Ethereum’s price has surged 57.6% over the past month, climbing to a local high of $3,834. It now trades just above $3,800, with analysts expecting a clean breakout past $4,000 if current momentum holds.
Whale accumulation, growing institutional interest, and positive regulatory signals are fueling Ethereum’s strong recovery. The GENIUS Act, signed into law on July 18, has introduced a regulatory framework for stablecoins, which benefits ETH, Solana, and other L1 networks.
Ethereum’s market share has climbed from 9.7% to 11.6%, while Bitcoin’s dominance dropped from 64% to 60%. QCP Capital pointed to this shift as a sign that altcoins are outperforming and that ETH is leading the charge.
ETH perpetual open interest has jumped from $18 billion to over $28 billion in one week. QCP also highlighted that ETH spot ETF inflows have outpaced Bitcoin for two consecutive days, marking a rare shift in institutional behavior.
Analysts expect Ethereum’s price to break out of its macro range between $2,200 and $3,900. According to Rekt Capital, ETH has rebounded 120% from a key historical demand zone and is preparing to test the upper boundary of that range. A successful breakout could open the door to new highs.
$ETH
Ethereum has long ago resynchronised with its $2200-$3900 Macro Range
In fact, it has rallied +120% since the reversal from the light blue historical demand area and is soon to challenge the very top of this Macro Range (red)#ETH #Crypto #Ethereum https://t.co/bzSwVKGufp pic.twitter.com/a3JOU32JXj
— Rekt Capital (@rektcapital) July 20, 2025
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