Do you know why every time Ethereum bounces back it gets shot down? That's because Lao Huang stockpiled a massive amount of ETH during the mining craze era!

Back then, the logic of the graphics card mining machine was so perfect—Ethereum raised mining difficulty to force miners to upgrade their equipment, and Lao Huang worked overnight to produce RTX 30 series graphics cards. Mining farms went on a buying spree, graphics card manufacturers made a fortune, then they bought ETH back to pump the price. Outside capital saw the profit effect and collectively entered the market, the entire ecosystem was counting money until their hands cramped!

As a result, Vitalik was envious that Lao Huang made more than the development team, and in a moment of impulsiveness, he initiated the POS consensus, which completely backfired!

The hundreds of billions of dollars made from selling graphics cards back then have now turned into the sword of Damocles hanging over ETH, every time the price pumps it is treated like an ATM.

Look at the current state—developers aren’t making money, miners have all run away, and graphics card manufacturers are frantically dumping their stocks, while Vitalik still dreams of being the "King of Ten Thousand Chains"!

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