this is true, but that ETH wealth didn't go away — it just got complacent.
the ETH economy has more wealth than any community except Bitcoin - and it needs to act like it.

Solana this cycle got much of wealth effect. Because solana pumped so much. Eth hasn’t. People are more willing to be more adventurous if they made money. Similar phenomenon happen on ETH back in 2020-2021.

CBduck.base.eth 

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The BlockBeats will summarize the key industry news content of the past week (12.16-12.22) in this article, and recommend in-depth quality articles to help readers better understand the market and learn about industry trends.

Important news review
The Fed's hawkish rate cut of 25 basis points; the crypto market cools down, with Bitcoin falling below $95,000 multiple times this week
On December 19, the Fed's annual interest rate decision for 2024 was concluded, lowering the benchmark rate by 25 basis points to the range of 4.25%-4.50%, the third consecutive rate cut, in line with expectations. Fed Chair Powell, in his...

Weekly Review | Hawkish remarks by the Federal Reserve led to a sharp correction in cryptocurrencies; Pudgy Penguins issued a "Sunshine" airdrop

On December 4, the Altcoin Season Index hit 88, suggesting that non-Bitcoin cryptocurrencies might perform better than the number one coin. However, the altcoin season chances might have been dealt a ...

Altcoin Season Chances Drop, But 3 Indicators Point to Potential Revival

The AI Agent in Crypto are automated programs with the ability to observe, collect data, analyze and execute actions on behalf of humans. With the help of AI technology, the...