If Vitalik Buterin doesn't manage market value, will ETH fail?
Recently, the ETH/BTC exchange rate fell below 0.04 and is now at 0.039937, a new low since April 2021.
As of September 10, Vitalik Buterin holds more than 240,000 Ethereum, worth about $560 million. However, since Vitalik Buterin does not often operate assets, his assets have also suffered a sharp decline in the past three months. At the beginning of June, Vitalik Buterin's total assets exceeded $900 million. In three months, his assets shrank by $355 million, or about 40%, from the high point.
However, the TVL of Ethereum's liquidity re-pledge agreement has returned to above $10 billion, currently at $10.114 billion. Ethereum continues to maintain its dominant position in decentralized exchanges, accounting for nearly 35% of the market share. Although Ethereum prices have been under pressure recently, its network activity and application in the DeFi field remain strong. #ETH🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥 $ETH