🚀 Vitalik Champions $ETH Treasury Firms — But Issues a Stark Overleverage Warning

🔥 The Big Move

Ethereum co-founder Vitalik Buterin is backing the surge of Ether treasury firms—public companies stacking huge ETH reserves, making crypto exposure easier for everyone. These firms now control a jaw-dropping $11.77 B in ETH, led by BitMine Immersion Technologies ($3.2 B) and SharpLink Gaming ($2 B).

⚠ The Red Flag

Vitalik warns this could morph into an "overleveraged game." If ETH’s price tanks, forced liquidations could trigger a brutal price spiral—threatening ETH’s credibility. Still, he’s confident the community is smarter now, saying they’re “not Do Kwon followers.”

💡 Why This Matters

Massive Adoption → Mainstream & institutional access to ETH like never before.

Hidden Risk → Leverage gone wrong could spark a market meltdown.

Smart Play → Embrace growth, but demand responsible leverage, transparency, and stability.

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✅ Bottom Line: Ethereum’s institutional moment is here—but one wrong leverage move could flip the script overnight