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Ethereum Deflationary Value Reached $16 Million in January

Ethereum Deflationary Value Reached $16 Million in January

Ethereum has seen a significant drop in its supply over the past month, with a net decrease of 10,145.72 ETH and a deflationary value of approximately $16 million. A deflationary network can have implications for the cryptocurrency’s value, as a decrease in supply can increase demand, driving up the price Deflation in the context of Ethereum refers to a decrease in the overall supply of ETH tokens.








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