The abortion of a DAT company

Yesterday, several well-known media outlets in the crypto ecosystem reported a piece of news, which I've divided into three parts: The $1 billion Ethereum DAT project led by Li Lin, Shen Bo, Xiao Feng, Cai Wensheng, and others has been shelved, and the funds raised have been returned. This project was the largest DAT project led by Asian investors. Regarding the reason for the shelving, the news reports as follows: Industry insiders speculate that the shelving was mainly due to the bear market following the 1011 incident, and the recent sharp decline in the stock prices of many DAT companies. Regarding the follow-up plans, the news reports as follows: Regarding whether the project will be restarted, relevant personnel stated that investor interests will be prioritized, and the market situation remains to be seen; they will act according to the trend. I started paying attention to these prominent figures when news first broke that they were preparing to establish the Ethereum DAT company. There are two main reasons: First, in my impression, some of these individuals are capable of focusing on long-term interests and rejecting short-term gains. Second, some of them made significant contributions to the early development of Ethereum. In my view, having such individuals lead the formation of this Ethereum-based DAT company indicates a more rational approach, one that is not swayed by market sentiment and can make independent judgments. Furthermore, their investment target is Ethereum, which, in my opinion, is undoubtedly the right choice in the long run, and from the perspective of investment selection, the risk is quite manageable. Therefore, this DAT company is worth paying attention to; it's much more rational than some Ethereum DAT companies that mindlessly predict Ethereum will reach $XXX by the end of this year or $XXX next year. My only doubt at the time was: Was entering the market at that time, when Ethereum had already risen to over $4,000, the right timing? Could we have found a more suitable entry point? Of course, from a longer-term perspective, entering at $4,000 is also possible, but the entire team might have to withstand the pressure from the market in the short term. Now, the market has been filled with news of a sharp drop every day—a day I've been waiting for for months. I check every day to see if Ethereum has fallen below $2,500 and if the S&P 500 has been hit hard. Then, I happened to see the message I divided into three parts. I divided it into three parts because each part is worth considering and exploring. Let's look at the second part first. In summary, the reason for postponing the plan is the bear market. Common sense dictates that if you are bullish on a stock and believe in its future potential, shouldn't you enter the market when it's bearish and be greedy when others are fearful? I won't comment on whether entering at $3,000 now is a good idea, but it's certainly better than entering at $4,000 a while ago, right? Why are people hesitant to enter the market now that the price has fallen? Is it because Ethereum's fundamentals have changed? I don't seem to have seen any news to prove that Ethereum's fundamentals have changed. I also thought of another explanation: the team believes that the current price level is still not good. But if that's the case, they could simply wait until the price goes even lower. There's no need to return funds to investors now; in fact, they should be raising more funds now and telling investors: the price is low now, it's a better time to enter, and we need money to enter the market. So this explanation doesn't seem to make sense either. The third paragraph seems to explain the deeper reason for shelving the plan, which can be summarized as: it remains to be seen, and we should follow the trend. What does "following the trend" mean? What I can think of is the "trading mindset" of most people: The market is rising now, so I (regardless of the method) judge that the market will continue to rise in the future; that is, I have the ability to predict that the market will continue to rise in the coming period. Then I buy. Conversely, if the market is falling, I judge that the market will continue to fall, so I don't buy.

Actually, if you're going to follow this "trading mindset," there are countless meme coins on the market that would make this approach useful. There's really no need to target Ethereum—since you already have the ability to predict the market's future movements, why not find an asset with greater volatility?

There's another sentence in the third paragraph that's even more intriguing: "Relevant personnel stated that they would prioritize the interests of investors."

"Prioritize the interests of investors"?

"Prioritize the interests of investors"?