In the fast-paced world of cryptocurrency, where memes and market moves often go hand in hand, a recent tweet from Ethereum advocate Anthony Sassal (@sassal0x) has sparked a lively discussion. Sassal, founder of The Daily Gwei, pointed out something that's been bubbling under the surface: a lot of people—even hardcore crypto enthusiasts—are still sitting on the sidelines when it comes to ETH.
Here's what he said: "We like to meme that people are 'sidelined' on ETH but trust me guys, you have no idea how sidelined most people are. Many crypto natives own absolutely no ETH and the market has been relentless in not giving them any significant pullbacks to buy in. So. much. higher."
For those new to the lingo, being "sidelined" means holding back from investing, often waiting for a price dip to jump in. But as Sassal notes, ETH hasn't been cooperating with those plans. The price has been climbing steadily, leaving would-be buyers watching from the bench.
This sentiment resonates especially in the meme token community, where many projects are built on the Ethereum blockchain. A stronger ETH could mean more liquidity and excitement for meme coins, as investors pour back into the ecosystem. If ETH keeps rising without those expected pullbacks, it might force sidelined players to buy in at higher prices, potentially fueling even more upward momentum.
The replies to Sassal's tweet paint a vivid picture of the current mood. DCinvestor chimed in: "we re-ran the 2017 ath mere months ago in April... people are absolutely cooked... anyone who would have paper handed has literally been deleted." ATH stands for all-time high, and "paper handed" refers to selling too early out of fear. It seems like the weak hands have been shaken out, leaving only the diamond-handed holders—those who hold through thick and thin.
Another reply from alexjm added a touch of humor: "They will buy at the price they deserve," accompanied by a flashy meme image of someone showing off their bling, symbolizing the rewards for patience.
Scoopy Trooples joked about the Ethereum Foundation potentially selling their stack, only for big players like Tom Lee to scoop it up. And ExJasonGarcia warned that new entrants fixated on waiting for a big dip might miss the boat entirely, thanks to steady buying from treasuries and ETFs (exchange-traded funds) that are gobbling up ETH supply.
This thread highlights a key trend: Ethereum's resilience is catching many off guard. With no major corrections in sight, the narrative is shifting from "wait for the dip" to "don't miss the train." For meme token enthusiasts, this could translate to a booming environment on Ethereum layers, where fun, viral projects thrive amid rising tides.
If you're still sidelined, it might be time to reconsider. As Sassal puts it, ETH is poised to go "so. much. higher." Keep an eye on Ethereum's latest developments and how they intersect with the wild world of memes.
Stay tuned to Meme Insider for more insights on how blockchain trends like this impact your favorite meme tokens.