Andrew Kang: Trump's crypto project WLFI buying ETH and other factors make Ethereum look less bad

BlockBeats news, on December 12, Mechanism Capital partner Andrew Kang wrote on X, "It was once believed that ETH and the ETH/BTC exchange rate pair were overhyped before the launch of the Ethereum ETF, but with Trump's proceeds from WLFI being used to buy ETH, and the nomination of SEC and CFTC chairmen who support Ethereum/DeFi, plus the ETHE selling pressure and ETF hype has dissipated, Ethereum no longer looks so bad."