Ethereum's performance has indeed been very poor, showing a significant divergence from Bitcoin. While Bitcoin is still struggling to maintain some value, Ethereum continues to decline, raising questions about the responsibility of the Ethereum Foundation and its founder, Vitalik Buterin.
Firstly, as the leader of Ethereum, Vitalik does not seem to be well-prepared to respond to market changes. The frequent upgrades and technological promises of Ethereum have not translated into actual market performance, instead leaving many investors disappointed. Even more disheartening is the fact that the Ethereum Foundation continues to frequently sell coins in such circumstances, causing panic and distrust in the market. Such actions inevitably raise doubts about whether they are prioritizing their own interests over the health of the entire ecosystem.
The extent of Ethereum's decline this time is quite severe, affecting not only the wealth of many investors but also casting doubt on the future of the project. It is truly astonishing that Vitalik appears openly in Hong Kong against this backdrop, leaving people speechless. This attitude seems to reflect a disregard for reality, or perhaps he simply does not care about the hardships faced by ordinary investors.
The current situation of Ethereum urgently needs reflection; the foundation and its founder need to take on more responsibility. It is hoped that they will take these issues seriously, rather than continuing to engage in superficial efforts for their own benefit. Otherwise, Ethereum may be left behind in the fierce competition.