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Top Silicon Valley VCs quietly reduced their holdings in ETHZilla by nearly 2% over the past two months.

[Coin World] Silicon Valley pro Peter Thiel's Founders Fund has recently disclosed an interesting move. According to documents submitted to the SEC, as of the end of September this year, they held 928,300 shares of ETHZilla stock, accounting for 5.6%. However, compared to 7.5% holdings in early August, they quietly reduced their stake by nearly 2 percentage points over the past two months.

The ETHZilla project, which is based on the concept of an Ethereum treasury, itself indicates something by attracting institutions of this level. Now that Founders Fund has chosen to gradually withdraw, is it because they believe the valuation is in place, or do they have a different view on the ETH ecosystem? The market can ponder the signals behind this operation.

ETH2.28%
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MEVSandwichVictimvip
· 3h ago
Large institutions are quietly doing a Rug Pull, why does this signal seem so familiar... it started like that with those previous projects too.
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HodlKumamonvip
· 19h ago
Wow, the pace of the Founders Fund's reduction in holdings feels like they are throwing smoke bombs at the market.
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AltcoinMarathonervip
· 19h ago
ngl, thiel's fund trimming 2% in two months feels like they're just hitting a water station mid-race, not abandoning the marathon altogether. the ETH ecosystem still got runway imo...
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DYORMastervip
· 19h ago
Thiel's quiet reduction of holdings is not simple. Although 2 percentage points may not seem like much, it signals "I want to run"... Either the valuation has really reached its ceiling, or there is some lack of confidence in this round of ETH narrative? In any case, there must be logic behind such operations by major institutions, which is worth pondering.
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GasFeeVictimvip
· 19h ago
Peter Thiel's recent reduction in holdings seems a bit more complicated than it appears; I sense something is off.
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WenMoonvip
· 20h ago
What’s going on? Is Thiel going to do a Rug Pull? A 2% reduction in two months, this rhythm is a bit strange.
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MeltdownSurvivalistvip
· 20h ago
Thiel's recent move is quite interesting, quietly shedding 2% over two months, is this a signal that the valuation has peaked?
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