ETHZilla can be said to have completely said goodbye to the original Ethereum treasury strategy, and the brand has been directly upgraded to Forum.
This wave of "Cicada shedding its shell" is quite smooth. From a fundamental logic perspective, the original treasury strategy has clearly hit a ceiling in the current market environment, and not transforming is basically slow suicide. Now shifting to a new narrative clearly aims to grab a share in governance or social tracks, attempting to redefine the value anchor point.
However, this kind of action of starting over feels a bit familiar; seasoned investors know the risks of changing the skin without changing the medicine. Whether there is a hardcore roadmap or if it’s purely to pump the price for hype remains to be seen in the subsequent product delivery and actual TVL changes. If it’s just a name change without core logic support, this wave is likely just a routine operation to harvest residual warmth. It’s advisable to first observe whether there is really capital accumulation in its on-chain data before taking action. #ETH #Crypto #Fundamental #Rebrand