Currently, the dominance of the ETH ecosystem is facing a drastic change. The competition between the old OGs and the new institutions has evolved from a contest of funds into a 'war' with no way out.
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From the perspective of the old OGs, they are the early builders and long-term holders. Now, the entry of institutions provides them with a rare liquidity outlet. If they can successfully cash out at a high point, it will be a perfect farewell, symbolizing the ultimate victory of early power.
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For the new institutions, this is the best opportunity to reshape the future of Ethereum. If they can seize dominance, they will not only control pricing power but also completely change the distribution of ecological power. At that time, the old OGs will lose their former influence, either by repurchasing at a high price or gradually fading out of the historical stage.
This is not competition in the conventional sense, but a zero-sum confrontation. The winner will write the future, while the loser will be forced to exit.
As ordinary players, the question we need to consider is: in this power struggle, should we follow the footsteps of the old OGs or bet on the emerging capital forces? The answer may not be black and white, but the outcome of this war will profoundly affect the direction of ETH in the coming years.#ETH
