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Former Ethereum core developer: Over the past 1–2 years, they have significantly reduced their ETH holdings, and the assets they swapped into have far outperformed ETH.

MeNews
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ME News Report, May 27 (UTC+8), former Ethereum core developer Eric Connor responded on X to Bankless founder David Hoffman’s update about liquidating ETH: "I understand, David, after all, ETH has indeed lagged significantly behind the overall crypto market performance over the years... As I mentioned before, in the past 1-2 years, I have also significantly reduced my ETH holdings, and looking at the results, all the assets I’ve rotated into have far outperformed ETH. Honestly, I don’t even think ETH’s weak performance is necessarily related to any 'fundamental flaw.' I think many people overlook one point: ETH’s early rally was just too intense. In such a short period, it created a large number of millionaires, and the market needs a very long time to absorb the continuous selling pressure from this group. Ultimately, in portfolio management, being an 'extremist' (maximalist) about a single coin is actually quite foolish. The market doesn’t lie, and there’s no need to trade against it." (Source: ODAILY)
ETH-0.62%
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GovernanceMoodboard
· 12h ago
Eric, what he said is really straightforward, the early surge was too strong, now he's paying off debt.
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PrivateKeyInAGlassBottle
· 12h ago
Trading against the trend is not as good as sleeping with the trend.
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WhitepaperByTheRoadside
· 12h ago
I've been reducing holdings and reallocating positions over the past two years; I'm familiar with this move.
View OriginalReply0
GoldfishUnderTheIce
· 12h ago
It's not a fundamental error, just a timing mismatch.
View OriginalReply0
MorningGoldAsWavesCrashAgainst
· 12h ago
The market won't lie, but faith will.
View OriginalReply0

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