Crypto飞哥
--
Recently, a company that went public on the US stock market and is involved in the gambling business raised $425 million in the crypto space, claiming to buy Ethereum (ETH) in a big way like 'MicroStrategy'.
Looking at the backers, they are all old players who heavily invested in Ethereum back in the day, such as Consensys, ParaFi, and Pantera.
In simple terms, it's the big investors of Ethereum creating an 'Ethereum version of MicroStrategy', trying to use this method to push the price up. Many people may not understand this move, but essentially, it's quite similar to the 'self-rescue' efforts of altcoin project teams.
Just a few days ago, a coin close to zero was able to attract investment from a foundation, and leveraged this news to successfully pump the price several times. This kind of operation is becoming increasingly common, and the underlying message is quite clear: everyone knows that this round of the bull market is nearing its end, and any chance to push the price up should be taken.
Looking at the backers, they are all old players who heavily invested in Ethereum back in the day, such as Consensys, ParaFi, and Pantera.
In simple terms, it's the big investors of Ethereum creating an 'Ethereum version of MicroStrategy', trying to use this method to push the price up. Many people may not understand this move, but essentially, it's quite similar to the 'self-rescue' efforts of altcoin project teams.
Just a few days ago, a coin close to zero was able to attract investment from a foundation, and leveraged this news to successfully pump the price several times. This kind of operation is becoming increasingly common, and the underlying message is quite clear: everyone knows that this round of the bull market is nearing its end, and any chance to push the price up should be taken.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.