Robinhood just announced so much stuff they’re building on Ethereum. ETH price doesn’t move. That is a problem.

For some perspective - ETH is the 38th most valuable asset in the world

This is the big boy leagues, not playing with small caps anymore

https://companiesmarketcap.com/assets-by-market-cap/

/ethereum foundation | opinions are my own but more than likely they come from Vitalik's blog paragraph.xyz/@chaskin

ETH is a $300B+ asset. At this scale, it takes sustained inflows, think ETFs, sovereign funds, corporate treasuries, marco, etc. to move price meaningfully. It’s a feature to be in this position, not a bug

I don't think it's a problem.

Robinhood stock price moved fwiw.

Two things can be true:
1. Ethereum is a good technology
2. $ETH is not a good asset

They announced an L2, which we all know does nothing for mainnet

Turns out people are using their money for something else

that's not a problem that's a sign motherfucker