Shocking Revelation: Over 913K Ethereum Lost Permanently to Errors and Bugs

Key Points

1. 913,111 ETH (worth ~$3.43 billion) has been permanently lost due to errors and bugs, accounting for 0.76% of Ethereum's circulating supply.

2. Combined with intentional removals (like EIP-1559 burns), the total lost ETH rises to ~6.2 million (worth ~$23.4 billion), or 5% of total supply.

3. Losses stem from user errors, code bugs, smart contract vulnerabilities, and security breaches/scams.

4. Permanently lost ETH can impact Ethereum's price by reducing supply, potentially exerting upward pressure if demand remains stable or increases.

5. Best practices to prevent loss include using hardware wallets and double-checking transaction details.