Three Arrows Zhu Su: It's time to go all in Ethereum, ETH will march on the enemy's corpses to victory

The founder of the bankrupt Cryptocurrency Hedging fund Three Arrows Capital (3AC), Zhu Su, posted on the social platform X yesterday evening, suggesting that it's time to go all in on Ethereum (ETH). What did Zhu Su imply? We know that as the second largest Cryptocurrency by market capitalization, Ethereum's coin price has been relatively sluggish in this bull market. On the other hand, the long-standing public chain Solana, known as the 'Ethereum Killer,' has outperformed Ethereum in both hype and coin price performance in this bull market. However, a series of recent events seem to be putting Solana in a difficult position. These negative news for Solana include Argentina President Javier Milei promoting the Rug meme coin $LIBRA on Solana, a large amount of upcoming token unlocking, a decrease in Pump.fun protocol revenue, and CZ building BNB Chain. As fear, uncertainty, and doubt surround the Solana ecosystem, there is a shift towards Ethereum for long-term investment. Ethereum briefly approached $2850 and despite BTC's drop, it rose against the trend before experiencing selling pressure. The situation is still evolving.