V神 selling coins = Bear market starting? Stay calm, let's do the math first

Seeing 21,700 ETH, many people's minds automatically jump to "liquidate and run." But the truth is, Vitalik Buterin hasn't fully liquidated, just sold a portion. The difference is like "losing three pounds" versus "fasting for three days"—the degree is completely different.
In terms of scale, $21.74 million accounts for a very small proportion of Ethereum's total market cap. The real impact comes from the psychological level: when the founder sells coins, it can be interpreted as an "internal perspective." But market movements are never determined by a single role.
Historical experience tells us that founder disposals are often just a phase. Price fluctuations depend more on liquidity conditions. If the dollar is loose and risk appetite rises, ETH naturally benefits; if macro tightening occurs, even if the founder doesn't sell a single coin, it's hard to stay unaffected.
More importantly, Ethereum no longer relies on individual narratives. Decentralization means the system operates independently of single-point decisions. Betting the future on the wallet balance of a certain person goes against the spirit of blockchain.
Markets may fluctuate in the short term, but the long-term trend focuses on demand and applications. Instead of watching on-chain transfers, it's better to pay attention to ecosystem expansion.
Selling is just an action; its significance depends on how you view it.
#Vitalik累计出售2.17万枚ETH