In this market wave, ETH consistently lagged behind.

However, recently the market sentiment has changed a bit, one can feel that ETH is making a comeback.

For example, "Wall Street genius" Tom Lee has raised $250 million through BitMine this time, almost all of which was used to acquire ETH, making BitMine one of the largest holders of ETH, even surpassing SharpLink and the Ethereum Foundation. We won't discuss the size of the amount for now, but it can be seen that more and more companies are considering ETH as a long-term store of value.

Ark Invest is also adjusting its positions: on one hand, they are reducing their stakes in Coinbase and Robinhood, while on the other hand, they have increased their stake in BitMine by 4.4 million shares. What does this mean? Institutions are no longer looking solely at one platform, but are paying more attention to the overall development of the ETH ecosystem.

Another interesting event: Tom Dunleavy from Varys Capital and Kyle Samani from Multicoin recently made a bet: they will see if ETH can surpass 10,000 dollars by 2026. Although it's a personal matter, it has drawn more attention to the future of ETH.

Therefore, when we pay attention to this industry, we do not just look at an individual product, but at how it functions within the Web3 ecosystem.

Of course, it is not necessary to judge this yet, it is important to feel the changes that are happening.