Ethereum layoffs +0.87%，Old hands advise you to stay calm and not get caught up

🚀 The whales are still the same whales, the $ETH retail investors are still the same retail investors.

Today I saw the news that the Ethereum Foundation laid off staff +$1,668.52%, my first reaction was not panic, but laughter.

I am familiar with this routine, every bull market end, project teams will do a “structural reorganization” to reassure people, basically it means they are out of money, shrinking to save themselves.

Thinking about it, $ETH is now at $1,668.52, only +0.87% increase in 24h, this trend is even weaker than the loss I experienced back in the $ETH days.

The foundation has less than 1,668.52% of the circulating $ETH remaining, what can they use to support the market?

In the past, developer grants and ecological incentives relied entirely on foundation funding, now with a 40% budget cut, small teams’ new projects are directly cut off, funds are all diverted to new public chains to grab subsidies. #以太坊 layoffs