During this period, Ethereum’s market was extremely weak.
Since 2 months ago, there have been rumors that a fatal thunder is about to explode in Ethereum. I don’t care about such conspiracy theories and just laugh it off.
However, over the weekend Justin Sun withdrew the Ethereum pledged by LiDo, and today the Ethereum Foundation sold Ethereum again. It is really hard not to think of it.
This is my personal opinion without the support of accurate data at present. Whether it is Sun Yuchen or the foundation, because there have been some technical problems in the recent Cancun upgrade, they have no hope for the positive sentiment that the short-term Cancun upgrade can bring. At the same time, they are not optimistic about the current market trend. Under various factors, it may be considered that if the market continues to decline, Ethereum will accelerate its decline. In addition, the global economic environment is not good. As a department that needs people to operate, the foundation needs to maintain operations, and it is normal to sell part of Ethereum. However, there is still a little bit of panic caused.
I don’t know if it will cause a chain reaction. Is it possible that there will be a big pie with two cakes? Personally, I think the probability of this is small.
