Former ETH maxi, Infinex’s Kain Warwick, revealed he has sold 90% of his Ethereum — but he’s not giving up on it just yet. X Hall of Flame
Infinex founder Kain Warwick has a few ideas on how hype could return to the fading asset that is Ethereum but says theres no one easy narrative to breathe life back into it.
Theres no fucking certainty in ETH land right now, Warwick tells Hall of Flame, but that doesnt mean a comeback is off the table. If theres demand for ETH the asset, demand for block space on the L1, that will drive things, he says.
Warwick, who admits he sold off 90% of his ETH bag since late 2020, thinks Ethereum could regain momentum if layer-2 networks finally start paying their fair share for using the base layers security. Charging L2s more, capturing more of the value that L2s are generating and increasing that kind of margin on blockspace would be really bullish for the L1, Warwick says.
