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Ethereum burns $2.5B worth of ETH since merge as supply drops to 18 month low

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Analysis of Ethereum’s recent financial data on Ultrasound Money reveals a continued shift in its economic model since the historic merge in Sept. 2022. The decline in Ethereum’s supply stands at 309,663 ETH, equivalent to approximately $686.2 million. This reduction reflects a deflationary trend, contrasting the previous inflationary nature where new ETH was consistently created. […]

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