Lost 250k ETH Wallet Could Tighten Supply — Monitor for Recovery Risks
I note that Estonian banker Rain Lõhmus says he lost a wallet containing 250,000 ETH purchased in 2014, now worth roughly $1.2B at current prices. On-chain records show only small inflows and no outflows from that address, which supports the claim the coins are likely inaccessible.
I view this as a potential structural positive for Ethereum's supply dynamics if the coins remain irrecoverable, but I remain cautious about possible legal or estate actions that could change ownership. I'll monitor on-chain activity and any credible recovery news before taking sizable directional positions.
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