The big players changed their mindset and turned to POS. Anyway, it is not POW, nor is it a coin speculation idea, nor is it a deposit and purchase idea, but a freeloading idea.
The big players do not participate in the real construction, which refers to the construction that has a direct positive impact on the price of ETH, including but not limited to making memecoins, pulling high-quality memecoins, creating a unique eth cult culture, etc. In short, they do nothing
The only two reasons to buy ETH in this cycle are re-staking and ETFs, but this has nothing to do with retail investors, so ETH essentially has no good and strong reasons to buy that can be explained at once.
ETH still has the most developers, the most nodes, and the most ecological projects. It is still the most robust blockchain.
But these projects on ETH have ulterior motives and want to sell their own air coins to retail investors, so that they can only make money for themselves.