The Bankless founder just dumped his entire ETH stack, and the market is losing its collective mind. 🧠 But here’s the twist—he didn’t sell because he hates Ethereum. He sold because he believes the *narrative* of "ETH is Money" is DEAD. 💀 He’s still EXTREMELY bullish on the network itself, specifically the L2 ecosystem and the "fat application" thesis. He argues L2s will eventually capture the vast majority of transaction fees, boasting a mind-bending 97% profit margin. That’s the real play, not the base layer token. This is a brutal, institutional-level re-evaluation of value. He sees Bitcoin as the undisputed digital gold, the ultimate store of value. But ETH? He questions its core identity. Is it truly the "world computer," or has it been reduced to a mere tool for Gas fees and staking yields? 🛠️ His actions scream a painful realization: the "ultra-sound money" hype is over, and the market is now pricing ETH based on utility, not monetary premium. The LIQUIDATION of his position is a bet against that old story. So, where does that leave us? If Bitcoin is the king, and ETH is now just the infrastructure backbone, who else can compete for long-term value accumulation? 🤔 This isn't just a dip; it's a philosophical war for the soul of crypto assets. The founder’s move is a canary in the coal mine, signaling a massive rotation from "store of value" narratives to "cash flow" narratives. I’m watching the L2 tokens closely for the real alpha. 🚀 #ETH #Ethereum #Bitcoin #L2 #DeFi #Crypto #Bankless