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ETH ETF continues to see outflows; Bankless co-founder liquidates all holdings $ETH; BMNR stock price plummets nearly 90%; former Ethereum Foundation researcher Dankrad Feist proposes establishing a separate organization with at least $1 billion to focus on boosting ETH prices.
Even founder Vitalik Buterin's lengthy post couldn't mask the downward trend; the story of this ETH cycle is becoming increasingly difficult to tell. Where are the ETH defenders?!
ETH is Xiaomi, Tencent, and Chinese concept stocks; those who believe in it will either die or suffer greatly.
It reminds me of ETH in different stock markets...
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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