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Ethereum’s ongoing price plunge can be a result of this ‘ghost from ETH’s past’

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Ethereum’s [ETH] circulating supply has dropped considerable since the much-awaited Merge. According to data from ultra sound money, the supply of the leading altcoin has increased by just 5,000 and an annualized inflation rate of 0.19% since 15 September.

Data from the same source revealed that if a PoW consensus mechanism still powered ETH, its supply within the would be up to 98,000.

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