Sol ecosystem really benefited from it bottoming out so spectacularly. True believers became whales, nutty folks(affectionate) who still have skin in the game and go ham on new stuff. ETH millionaires who rode down 2018 and back up and invested in defi etc are on private islands sipping mai tais maybe. 

https://x.com/blknoiz06/status/1849198819923341648?s=46&t=Yy6048FIfLRlntFA3yXpnw

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

this is under-discussed imo, tons of extraordinarily wealthy ETH folks which explains a lot of the “ivory tower” cultural critiques (not that I agree 100%)

I also have a theory that many ETH holders round tripped the 2021 run up and have been selling relentlessly in 2023-24 which has kept ETH/BTC down only

building /juicebox | product marketing & growth | prev. NounsDAO, RAW DAO | learning to code

yeah that's true, and most of those people are gone gone once they're out.