Mind you, there's a difference between hoarders and merit sources, to begin with.
What's your opinion?
Are you tracking people whether they are hoarding their merits or not ?What's your opinion?
I don't think OP do that, but user @Coin-1 do that on thread [TOP-200] Members who have a lot of earned sMerits. Some of them are either inactive or representative of certain service though.
I'm probably the biggest sMerit hoarder on the forum, and if not, I'm certain I'm in the Top 5. I'm also the Top 1 most generous Merit sender. What does this tell you? Nothing 
Merit isn't scarce. Good posts are.
Merit isn't scarce. Good posts are.
Based on thread i mention on above sentence and your statement, that means you could have at least 1358 sMerits (excluding source).