Summary
- The founder of AllianceDAO reported selling all held Ethereum (ETH).
- The founder judged that the growth potential of Ethereum is almost exhausted.
- It was stated that Ethereum short positions have surged since last November, reaching an all-time high.
The founder of the Alliance Decentralized Autonomous Organization (DAO) has announced the sale of all held Ethereum (ETH).
On the 9th (local time), Chao Wang, the founder of AllianceDAO, stated on a podcast, "I have held Ethereum since the Genesis Block era, but I sold all of it last year," explaining that "the growth potential of Ethereum is almost exhausted." He added, "The possibility of Ethereum Layer 2 (L2) projects surpassing Solana is also at the 10-20% level."
Meanwhile, Ethereum short positions have surged over 500% since last November, reaching an all-time high.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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