of Ethereum to go up as it burns $370k+ worth of Ethereum per hour. Yes, that's per hour that's being burned!
Sounds a lot but when you put that into good perspective it does not look that lucrative any more. 370k per hour = $ 8.8 million per day = $ 3.2 Billion per year = 0.9% of supply. Thats not that much. Binance, for instance, burns 0.6-2% each quarter (~5% annually).