Ethereum is currently butchering it’s supply as the price is declining

Hello r/ethereum,

I'm sure many of you are watching the price of Ethereum going down right now.

I'm currently observing the supply instead and it's getting completely butchered.

Supply decreased by 1,136.53 Eth today.

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https://preview.redd.it/i819l9nwxry91.png?width=2515&format=png&auto=webp&s=645a660d16a6d60fea3198480712a6173810819f

About 500 Eth/hour are being removed from supply in the last hour.

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https://preview.redd.it/8ul7b221yry91.png?width=2474&format=png&auto=webp&s=2ebf9919ccdeb34600967dc1afe552250c6e032e