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eggman 🔵
@eggman.eth
I sorta feel like this needs to be said As much as I too enjoy ragging on @ethereumfndn, their sells do not contribute to any actual sell pressure, or to the performance of ethbtc Ethereum has a market cap in the hundreds of billions, and is very liquid. Selling 200 eth monthly has no effect on the price.
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Hogan Prison no 619
@hoganthereformed
I think there’s two issues here. One side is from the community and the other the foundation. You are right. Selling doesn’t really rank charts but it tanks sentiment. Sentiment is a big variable. Now this problem is two fold cause degens hate when a project owner / founder or foundation sell. Which is silly but I mean is the BTC foundation selling ? 2nd it’s like eth is a ghost town rn. Not many memecoins flying , no really NFTs , no opportunities compared to sol and maybe even base / arbi and since eth has been around longer and is tech than sol I think eth degens are upset. So this selling from the foundation is like hey stop selling and get to work type of attitude. Then when attacking the foundation we found vitalik is like Kim jong un , he decides everything which seems very centralized for a decentralized ecosystem.
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eggman 🔵
@eggman.eth
I get you, sentiment can be a bitch tbh. Agree a bit too on the latter, the recent foundation-related tweets could easily have cut out all the edgelord filler and still communicated the exact same actual info. I do think sol's relative outperformance has been a far bigger thorn in eth's side than what we're perceiving as the actual influential actions though - narrative follows price and all that. If eth were up at $10k, everyone would be calling @vitalik.eth a creative and based genius regardless of the content of his tweets. And the response to the foundation selling would be to stfu/stop fudding. Our industry kinda sucks for this stuff. Could tokenize the cure for cancer but unless the PA is popping off, people will berate you for not doing well enough.
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