Former core developer at Ethereum: I have significantly reduced my ETH holdings over the past 1–2 years, and the assets I’ve shifted into have far outperformed ETH.
Svmuu News: Former Ethereum core developer Eric Connor replied on X to Bankless founder David Hoffman's post about liquidating ETH, stating: "I understand David. After all, ETH has indeed severely underperformed relative to the entire crypto market for years... As I mentioned before, I myself have also significantly reduced my ETH holdings over the past 1-2 years. In terms of results, all the assets I rotated into have vastly outperformed ETH. Frankly, I don't even think ETH's weak performance is necessarily related to some 'fundamental flaw'. I feel many people overlook this: ETH's early rally was simply too explosive. In such a short period, it created an enormous number of millionaires, and the market needs a very long time to absorb the continuous selling pressure from this group of people. Ultimately, in portfolio management, practicing 'maximalism' on a single asset is quite foolish. The market doesn't lie; there's no need to trade against it."
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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