Does the core team’s funds only last for three months? Ethereum is really joking around with its life on the line.

Just now, I saw that the Ethereum Foundation has lost another core figure—the co-executive director has also left. Add the warning from that previous core developer—at the current rate of spending, the core development team’s money only lasts 3 to 9 months.

An ecosystem with a market value of several hundred billion, and the people maintaining it are about to run out of money—the more you think about it, the more absurd it gets.

I made a bet earlier and opened a $ETH short position—15x leverage, entry price 1737.55. Now $ETH is at 1726.01, with an unrealized profit of 26.5 U, and the return rate is about 10 percentage points.

The position isn’t big, but earning a little is still something.

Honestly, when I see this kind of internal news, I just have one thought—Ethereum’s current state, the fundamentals really are a bit shaky. It’s not that I doubt the technology, but the team is losing people, funds are being consumed; the ecosystem is thriving, but the maintenance layer is bleeding.

This kind of structural problem can’t be fixed in the short term.

The logic behind my short position is simple: the market sentiment hasn’t fully digested this negative piece of news yet. Once more people react, the price will most likely move down a bit more. Of course, trades based on this kind of news can get slapped in the face by sudden positive developments at any time—just make sure your position size is controlled.

You think about this logic—on one side, an ecosystem with a market value in the tens of billions; on the other, the core team is almost out of money. If this is really true, there will definitely be more big drama later.
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