yeah most eth holders are on-chain users, meaning a lot of stuff trickles down to DeFi, NFTs, liquidations lmeow etc
Think about this tweet from @Fiskantes a lot. Where will the money flow to from the ETH wealth effect? This cycle BTC wealth effect didn't trickle down the risk curve, no one owns any XRP pumps, boomers or uber drivers just take profits What happens when ETH holders get rich?
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