Ethereum (ETH) continues to cement its deflationary stance. Data from ultrasound.money shows the blockchain burnt approximately 143,000 Ether coins (worth approximately $275 million) in May. Could Ethereum be the new market driver that experts are searching for? Ethereum saw a 1.46% negative supply growth over the past year. That shows the 2nd-largest crypto is deep into its deflationary phase. Furthermore, the tracker predicts the network will burn around 2,441,000 tokens in 2023 – worth around $4.5 billion. Meanwhile, the Ethereum and Bitcoin correlation continue to deteriorate due to Ether’s deflationary nature. ... (full story)