Data Shows 40M People Hold 0.0005 Dust ETH, Making $11M Lost Token

• Over 40M ETH wallets hold less than 0.0005 ETH.
• By implication, 6242 ETH worth $11M million Ethereum is out of circulation.
• Over $1.15B ETH are lost forever to typos, user errors, and buggy contracts.

Conor Grogan, a director at the Coinbase crypto exchange, recently discussed some intriguing statistics about Ethereum wallets and the amount of ETH tokens held in them.

Grogan quoted data from an analytic firm highlighting that over 40 million Ethereum wallets hold less than 0.0005 ETH, approximately $0.90. By implication, there is roughly $11 million worth of Ethereum, equivalent to 6242 ETH, out of circulation, as the amount is too small to be worth trading or exchanging.

There are 40M Ethereum wallets that hold less than 0.0005 ETH (~$0.90)

Effectively this is ~$11M (6242 ETH) out of circulation; Since it takes around ~0.0005 ETH for a swap at 20 gwei, it generally wouldn't be worth it for people to send it to an exchange and swap out pic.twitter.com/GHXya5EvUK

— Conor (@jconorgrogan) March 22, 2023

Furthermore, around 80 million wallets hold less than $18 worth of ETH, representing 35% of all cumulative unique addresses on the Ethereum network, accord…

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