The market doesn't lie, holding extreme amounts of coins is really stupid, rebalancing is what adults do.

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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.
Former Ethereum core developer Eric Connor responded on X to David Hoffman's views on liquidating ETH, saying that ETH has indeed lagged the market long term; in the past 1-2 years, he also significantly reduced his holdings and swapped into assets with better performance. He does not think the weakness comes from a fundamental mistake, but from the early rally having been too intense and needing time to absorb the sell pressure. Extreme conviction in holding is foolish; the market will not lie, nor is there any need to trade against the trend.
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