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In 2018, @vitalikbuterin proposed a hard cap of 120,204,432 for $ETH supply, it was then rejected by the Ethereum community. While some community members thought it was an April fool's joke, Vitalik was quite serious about the proposal at that time.
After more than four years, the $ETH supply will soon be lowered to the then-proposed limit due to the rapid burning rate in recent days.
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