Great part of these merit where never going to be given to legit users in the first place, but were mainly used for alts, so maybe is not as bad as it looks.
Well, most of it is airdrop too but still - what a waste. I wonder how much of
that 600k (edit: wrong) airdrop has already been destroyed this way. 8 months x 50k per month would be 400k, unless the last two weeks was an anomaly of some sort.