8 members of the foundation flee, ETH falls by 2000, Vitalik is writing a novel One sentence summarizes the absurd situation of Ethereum at present. ETF funds have had a net outflow of $2.6 billion for 8 consecutive days, and ETH prices have halved by 57% from their peak in August last year. The foundation's core team of 8 people have collectively left. At the same time, Standard Chartered is still shouting "ETH is like Amazon in 2001, with a year-end target of $4000" - this statement may have been believed by some six months ago, but now it sounds more like a holder looking for liquidity exits for themselves. There is nothing wrong with Vitalik writing novels, as the founder is also human. But the timing is too bad. On chain TVL is shrinking, the ecosystem is bleeding, the core team is falling apart, and community confidence is crumbling - at this time, the founder tells everyone that he is engaged in literary creation? This is not a question of whether it can be written or not, but what the sailors will think when a ship is leaking and the captain is sunbathing on the deck. The problem with Ethereum has never been technology - its technology stack is still the most mature in the industry. The problem is governance, the direction, and "who is in charge on earth". Eight people from the foundation left at the same time, indicating that the internal cracks have become too big to cover up. This incident taught us one thing: in this industry, don't assume that a project will never fall behind just because it is "old". Ethereum is great, but greatness does not mean it will always be right. BTC was criticized countless times for resetting to zero back then, relying on decentralization and immutability to survive - Ethereum's path has been constantly changing, and every turn is consuming consensus. If you hold ETH, ask yourself a question: Are you investing in technical beliefs or Vitalik's personal aura? If it's the latter, he's currently writing a novel. If it's the former, the people at the foundation are voting with their feet. In this circle, the most dangerous thing is not buying coins, but hanging faith on someone's body. People get tired, confused, and want to write novels. But your position won't wait until you finish reading the first chapter.