Has V God betrayed the promise? Unveiling the "Macro Big Chess" behind the market crash!
🍿 What happened?
Everyone, don't rush to curse #V神 for "cutting leeks"! Hana specially went to review V God's previous statements and the latest on-chain announcements to clarify the truth and found that there is actually a super important macro background behind this!
This wave of selling coins is not because V God wants to cash out, but because of a key term: "Mild Austerity"
✦ What is Mild Austerity?
V God had predicted at the end of January that the Ethereum Foundation would enter "saving mode". In order to prevent key technical developments from being halted, V God decided to dig into his own pocket and use his own ETH to fund projects that the foundation temporarily can't take care of.
✦ Where did the money go?
According to the public plan, he plans to sell a total of 16,384 ETH this time (Engineer joke: this is 2 to the power of 14, V God even makes jokes while selling coins 😂)
This money will mainly flow to:
1. Privacy Tech
2. Open Hardware
3. Secure Software
4. Cypherpunk Roadmap
So simply put, V God is not "crashing the market to run away", but acting as a "sugar daddy" to support the technical team!
🌸 Hana's musings
Did V God really keep the "promise"? 🤔
Hana remembers that V God set a flag a few years ago: "I will never sell $ETH for 'personal gain' again" (I haven't sold ETH for personal gain since 2018)
In Hana's view, if the money is used to fund ecological development and grant developers, this indeed does not count as "personal gain".
However, for us small retail investors who watch the K-line with tears, the selling pressure in the market is real! 💸
Although V God's operation this time is "for the greater good", selling coins at the most vulnerable time in the market (when ETH breaks the support level) really feels like rubbing salt in the wound... 😂
🍉 Let's take a look at the latest "V God sell coin progress bar":
Total planned sale: 16,384 ETH
Currently sold: 11,284 ETH (as of 2/25)
Remaining ammo: 5,100 ETH
【▓▓▓▓▓▓▓▓▓▓░░░░░】 68.9% completed! 🎉
Contracts can be ignored, but the melons must be eaten! Let's continue to enjoy the melons with Hana～