<...>
That's the number I was wondering about, and even if it turns out to be twice that, it still doesn't seem anywhere near devastating to the forum.<...>
I think that is based on users that have received sMerits and not sent out any. We cannot, as far as Im aware of, derive the total initial airdropped sMerit to forum members that have not given any out on an individual basis.
Nevertheless, theymos mentioned that the initial airdrop was around 600K. Distributed total sMerit since the beginning is 205K. There are therefore around 400K at least that is still in the initial airdrop recipients hands (more probably, since a lot of the 205K comes from merit sources and halved sMerits).
Reference: