At current prices, that amounts to approximately $3.43 billion in inaccessible assets, which represent over 0.76% of Ethereum’s total circulating supply.
Grogan highlighted several major incidents that have contributed to this significant number of irreversible ETH losses.
Additionally, users have inexplicably sent over 25,000 ETH directly to burn addresses, permanently removing them from circulation.
Meanwhile, Grogan emphasized that the $3.4 billion figure is a conservative estimate.
According to him, the figure only accounts for provably inaccessible ETH, such as coins trapped in flawed contracts or burn addresses. It does not include ETH tied to lost private keys or dormant wallets from Ethereum’s early days, like Genesis wallets that haven’t moved funds in years.
