Other projects’ teams rally the troops and defend the price in a bear market, buying back tokens with real money. Ethereum, on the other hand, sells from $2,300 all the way down to $2,000, then every few days there’s another “routine operating expense.” A few million dollars may not be enough to move the market, but it’s enough to shatter the last shred of faith its holders have left.
Retail investors are stubbornly holding on at the bottom, while the Foundation is always cashing out at the top. No wonder ETH just can’t get its act together this cycle—if even its own dad is swing trading, what makes you think you can talk about the bigger picture with the market?
Retail investors are stubbornly holding on at the bottom, while the Foundation is always cashing out at the top. No wonder ETH just can’t get its act together this cycle—if even its own dad is swing trading, what makes you think you can talk about the bigger picture with the market?