Samson Mow Feels Sorry for Ethereum as ETH Struggles Against Bitcoin

by

Is <a href="https://investment-policy.com/eth-usd/">Ethereum</a> in trouble as Samson Mow says he feels sorry for <a href="https://jpykr.com/eth-usd/">ETH</a>?

Samson Mow, the CEO of JAN3, recently criticized Ethereum, pointing out its performance hasn’t kept pace with Bitcoin as ETH trades around $2,100.

Summary

  • Samson Mow said he feels sorry for Ethereum as ETH struggles against Bitcoin and market pressure.
  • Ethereum trades near $2,115, with weak price action keeping attention on support and institutional losses.
  • Vitalik Buterin said the Ethereum Foundation will sell less ETH and focus on long-term survival.

Mow shared on X that he shares the same negative view of Ethereum as most Bitcoin enthusiasts, but also expressed sympathy for the challenges the network is currently facing.

This observation came as the Ethereum market continues to show weakness. At the time of this report, ETH was trading around $2,100, a slight decrease of 0.19% for the day. Throughout the day, the price fluctuated between $2,066.23 and $2,124.48, according to data from crypto.news.

Samson Mow targets Ethereum weakness

Mow recently acknowledged that Ethereum is facing significant challenges, even surprising as a long-time Bitcoin advocate. He expressed sympathy for Ethereum’s current situation, stating he felt “a bit sorry for how bad things are for them now.”

Like many Bitcoin enthusiasts, I’m critical of Ethereum, but I still feel some sympathy for the difficulties they’re currently facing.

— Samson Mow (@Excellion) May 25, 2026

The statement came after a period of challenges for Ethereum, as its market position weakened. While Bitcoin has attracted investors looking for stability during uncertain times, Ethereum has had difficulty recovering its upward trend.

The value of Ethereum compared to Bitcoin has been declining. Currently, it takes around 0.027 Bitcoin to buy one Ethereum, indicating a continued weakening of Ethereum’s relative price.

As an analyst, I’ve been following a growing discussion about whether Ethereum’s current scaling solutions are truly beneficial. While Layer-2 networks have successfully lowered transaction costs, they’ve also resulted in less activity – and therefore lower fee revenue – on the main Ethereum network. It’s a trade-off we’re seeing play out, and it raises questions about the long-term impact on Ethereum’s core economics.

Layer-2 growth raises base-layer questions

Ethereum has been able to process more transactions and make them cheaper by using ‘rollups’ – technologies built on top of its main network, like Arbitrum, Optimism, and Base. This has also made Ethereum more accessible to a wider range of users.

Some experts believe this approach could actually lower the fees paid directly on Ethereum’s main network. By shifting activity to separate ‘rollups,’ the overall value gets distributed across multiple networks instead of remaining focused on the main Ethereum chain.

People are still worried about how much power is concentrated in a few hands when it comes to ordering transactions and staking Ethereum. These concerns continue to fuel discussions about decentralization, even as Ethereum developers work on improving the technology.

Gerald Mow’s concerns align with the ongoing discussion about Ethereum. While his post wasn’t a deep dive into technical details, it highlighted the current issues facing Ethereum, including its recent price struggles, underperformance compared to other cryptocurrencies, and some fundamental concerns about its design.

BitMine and ETH treasury losses add pressure

Recent market activity shows that those holding large amounts of Ethereum are also feeling the strain. Crypto.news reported that BitMine currently holds 5,078,386 ETH, which they purchased for an average of $2,369 per token on April 27th. This position was initially worth around $12 billion.

According to the report, BitMine faced approximately $3.5 billion in potential losses as of February 2026, but continued to purchase ETH even as its value decreased.

As an analyst, I’ve been tracking public Ethereum treasury strategies, and it’s clear many are struggling. Recent reports, like one from Crypto.news, show SharpLink recorded a significant $685.6 million loss in the first quarter. This wasn’t due to actual cash leaving the company, but rather from the decline in Ethereum’s market value and related accounting adjustments.

SharpLink experienced accounting losses of $506.7 million due to the declining value of its Ethereum (ETH) holdings, and also recorded a $191.7 million impairment charge related to its Liquid Staked Ethereum (LsETH). However, the company confirmed that these losses didn’t result in a decrease in the amount of ETH it owns.

Vitalik Buterin backs smaller Ethereum Foundation

Mow’s statement followed a recent announcement from Vitalik Buterin about the Ethereum Foundation’s future plans. Buterin explained that the foundation will now prioritize ensuring its long-term stability over growing its operations.

According to Crypto.news, Vitalik Buterin stated that the Ethereum Foundation plans to reduce its ETH sales. He also noted that the foundation currently owns around 0.16% of all ETH in circulation and believes it should function as a regular participant in the Ethereum network, rather than a central authority.

Vitalik Buterin’s vision for Ethereum centers around protecting against censorship, ensuring user privacy, maintaining an open system, and bolstering security. He believes Ethereum also needs to improve in key areas like code safety, the reliability of its core process, and reducing the number of middlemen involved in transactions.

Read More

2026-05-25 13:44