Notes
几个被忽略的 $ETH 顶级催化剂，
刚进2026年就有几个实质性利好，驱动ETH持续上行。
1. BitMine Immersion 2026 年首次买入 ETH，加仓 32,977 枚；其 ETH 总持仓已达到约 414.35 万枚，并公开强调继续看好。
2. 灰度（Grayscale）的以太坊质押 ETF（ETHE）宣布向投资者派发质押收益：
每股分配 0.083178 美元，并称其为美国首个把质押奖励返还给投资者的以太坊 ETP。
3. Aave 的以太坊主网 ETH 存款量刷新历史新高。Token Terminal也认为Aave 会创造 ETH 的需求，而 ETH 又能提升 Aave 的收益容量。
4. Uniswap Labs 将其官方应用（App）层面的前端费取消为 0。
5. V 神表示随着 zkEVM 逐步达到可生产级表现、PeerDAS 已在主网上线运行，以太坊长期以来的区块链不可能三角（安全/去中心化/可扩展）在工程层面已经被解决或接近解决。
实际上，VC们远远低估了目前市场对高市值启动代币的PTSD，
特别是依旧努力在一线推动投资孵化的团队们。
可以复盘这一轮周期里，特别是在2024年左右的VC币市值到底有多夸张。
$STRK 最高到500亿市值
$SAGA 最高到76亿市值
$W 最高到165亿市值
$ZK 最高到63亿市值
$DYM 最高52亿市值
$ETHFI 最高到40亿市值
$ALT 最高到30亿市值
然后这个PTSD就形成了一个协调博弈，市场一旦共识了高FDV新币迟早阴跌，它就必然会跌，于是空投受益方见反弹就减仓，散户反弹即做空。
VC和项目方之所以开始看重销毁和回购，因为看涨逻辑在估值预期面完全不及需求面，真实费用、收入驱动的回购、销毁、分配，这几乎是上一个周期很少提及过的事情。
只不过魔高一尺道高一丈，大部分散户也能想到，这些所谓的价值捕获捕获不到token，基本上是捕获到公司团队或者做市结构里，也就是俗称的协议收入归DAO（实际上还是公司基金会所有）。
再加上一些伪需求的祛魅，例如质押大部分的收益来自通胀，质押本身就是延迟卖出，所以质押需求大降，大量节点关停等等等，VC币连质押这最后的护城河都失去了。
不出意外的话，下一轮周期的核心依旧是公平发射，而不是VC山寨季。
FEW COINS AFTER LISTED ON #BINANCE:
$AEVO: -99%
$PORTAL -99%
$STRK: -99%
$SAGA: -99%
$DYM: -99%
$W: -99%
$PIXEL: -99%
$ALT: -99%
$MANTA: -99%
$ZETA: -99%
$RENZO: -99%
$ETHFI: -99%
$ENA: -99%
STILL IN DOUBT #BINANCE IS BIGGEST SCAM?
Complete tasks on Binance Square Creatorpad to unlock a share of 5167105 @trade_rumour $ALT!
Know more 👉
1/ An investigation into how @cryptobeastreal scammed followers by lying they were not behind the $190M -> $3M $ALT market cap crash where 45+ connected insider wallets sold $11M+ on July 14, 2025.
@Bb265331441213 Really? If you think $UFD will become a rug like $ALT you are delusional
Crypto influencers with 800,000 @cryptobeastreal just deleted his account.
He scammed his community with $ALT who dumped from $180,000,000 MC to $5,000,000 in 5 minutes
‼️ $MASK 7% votes, when is prize in question 60% vote 😅 something weird here
Vote for your favorite
$MASK
$UFD
$PENGU
$MOG
Looks like investigation is coming for
cryptobeastreal and $ALT
I hope scammers get what they deserve
Crypto influencers with 800,000 @cryptobeastreal just deleted his account.
He scammed his community with $ALT who dumped from $180,000,000 MC to $5,000,000 in 5 minutes
It's even a sense to keep this vote $UFD totally destroyed everyone, pure dominance
$MASK can't do anything, i really feel like they cheated in my last poll...
When real prize was they boom😅 i will do another poll and really change my profile photo no matter what
Let's see who wins here
#ENGvIND #5โมงเย็นวันนี้มีostเพียงเธอ #INDvsENGTest #SecretStoryLeLive #WeLoveAshleyOgle #MundialDeClubes #森本慎太郎誕生祭2025 #HARQEEL #FuerzaMiguel
Let's see who wins here
$MASK
$UFD
$PENGU
$MOG
#ENGvIND #5โมงเย็นวันนี้มีostเพียงเธอ #INDvsENGTest #SecretStoryLeLive #WeLoveAshleyOgle #MundialDeClubes #森本慎太郎誕生祭2025 #HARQEEL #FuerzaMiguel
Let's see who wins here
$MASK
$UFD
$PENGU
$MOG
#ENGvIND #5โมงเย็นวันนี้มีostเพียงเธอ #INDvsENGTest #SecretStoryLeLive #WeLoveAshleyOgle #MundialDeClubes #森本慎太郎誕生祭2025 #HARQEEL #FuerzaMiguel
The strongest community in the world is
$MASK
$UFD
$PENGU
$MOG
Vote for your favorite 👇 💲
Ends in 4 days good luck
#Crypto #memecoin $PUMP $ALT $SOL $ETH $BTC #HARQEEL
MASK
UFD
MOG
PENGU
500K to 2.5M $HUAHUA China 1. Panda 🤝💚 chart looks good and narrative is great
We found it early
Chart:
$ETH $ALT $PUMP $SOL #CryptoNews #Altcoins
