The Crow Comes to Interpret
What! Could it be that the Ethereum Foundation is cutting leeks again?
1. God-level Top Escaper
2017: When ETH surged to 14,000 RMB (1,400 USD), sold 50 million USD, perfectly avoided the crash
2021: When ETH soared to 40,000 RMB (4,000 USD), sold 30,000, earning 1.2 billion, followed by a huge crash
2024: Recently sold 510 million USD again, timing the market during upgrades and regulatory negatives
2. Legal but Disgusting Operations
Rule loophole: Allows selling 0.08% of ETH per year (about 9,600), but actually sold more
Dark trading: Sold at a discount through private channels, 2.3% cheaper than market price (lost over 10 million)
Where did the money go? Promised to focus on tech development, but half the money was invested in competitor projects
3. Why are they being scolded?
Saying one thing and doing another: Claims to “hold long-term,” but actually sells high and buys low to cut retail investors
5-person black-box decision-making: Whether to sell or how much is decided privately by 5 executives
Playing referee while kicking the ball: Foundation staff also serve as advisors for other chains, suspected insider trading
4. Impact on Retail Investors
Short-term: Each sell-off causes ETH to drop by 5-8% (this time 510 million USD dump)
Long-term: Those staking ETH are panicking, fearing the foundation will continue selling and trigger a stampede
Trust collapse: Institutions start to give ETH discounted valuations, seeing the foundation's holdings as a risk
What should ordinary people do?
Short-term: Buy some put options for hedging, set strike price at 20,000 RMB (3,000 USD)
Monitor address: Run fast if the foundation's ETH holdings fall below 300,000
Group together for rights protection: Demand public selling decisions, lock up half of ETH
Summary: The foundation feeds off blockchain while smashing decentralization. Retail investors either learn to hedge or collectively flip the table to change the rules