The Ethereum data in this data may come as a shock to many people. But in fact, an important theme of my 2022 writing tweet is to reflect on the overvalued Ethereum. You can now also find a collation of relevant tweets on the base.
I came to the conclusion when everyone was enthusiastic about Ethereum L2: Ethereum's biggest weakness is that "success is too early", VC interests are too heavy, the future will not be Bitcoin and Ethereum divided into two worlds, let alone replace Bitcoin, L2 has no future.
I think the module on Coinmarketcap analyzes the holding data: who is the coin of people, who is the coin of VC, who is the coin of the strong control of the market maker, everything is clear at a glance.
Some projects can rise in the short term because the dealer has more than 70% of the chips and can achieve strong control. But long-term fundamentals won't change as a result. Judging from the current whale data, the healthiest is Bitcoin, followed by Cardano. People's coins have a future!
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