Ethereum's brutal betrayal of 'first love': the silent escape under a hundred billion empire, are you still dreaming?

Family, today's news is explosive.

MultiCoin co-founder Kyle Samani, who made his fortune on Ethereum, revealed that he abandoned ETH in 2017! Not last year, not this year, but when it became the fastest in history to break a hundred billion in market value, when everyone was crazily FOMOing, he quietly left the scene!

Why? Because he smelled blood.

1. On the surface, it's Gas fees; at its core, it's a 'life-and-death dilemma'​

At that time, Gas fees skyrocketed, and scalability was urgent—this was not just a matter of minor technical fixes, but a 'survival paradox' of a chain: to be securely decentralized, one must sacrifice speed and cost; to have scalable applications, one might compromise on centralization. Ethereum was already at this crossroads in 2017, and Kyle saw that its expansion rate had exceeded its own evolutionary capacity.

2. The retreat of big players is the loudest alarm for you​

Don't naively think this is just a personal choice. The insights, information, and risk sensitivity of big players far exceed those of ordinary participants. His withdrawal at the peak was not due to a lack of love but because he saw too clearly—when the core contradictions of a project begin to surface, the early halo is just the last smoke screen. Your 'faith' may be someone else's 'narrative trap.'

3. Relating to the present: history is repeating itself, and have you noticed?​

Today, Ethereum Layer2 is in fierce competition, Gas fees remain periodically crazy, and new public chains are eyeing their targets... all of this is just a continuation and amplification of the contradictions from 2017. Kyle's abandonment is not a period; it is the beginning of a prophecy: there is no eternal king in the crypto world, only the survival of the fittest.

What should players do?—Remember the three rules of blood and tears:​

Throw away the 'first love filter': you are not investing in sentiment, but in code, ecology, and sustainability.

Follow the 'awakened ones,' not the 'noisy ones': the hotter the market, the more you should see who is quietly adjusting their positions.

Follow @南安娜sol , in the next issue we will analyze: what astonishing patterns lie behind those hundredfold coins that were 'silently abandoned' by big players over the years? #加密市场反弹