Cookie DAO 🍪 (@cookiedotfun): EIGHT. 8️⃣

EIGHT. 8️⃣ That's how many Ethereum Foundation departures have happened since February. And somehow, the institutional money is still piling in at the same time. $7.5B in tokenized treasuries. $1.4B money market fund. 66.8% RWA market share. Ethereum is having the most contradictory week in recent memory. → David Hoffman's tweet ("was that just me selling the last of my ETH?") hit 880 Signal, the highest of any ETH tweet in seven days. More than any protocol announcement. More than any institutional news. Just a guy asking a question the whole community was already thinking. → Ryan Sean Adams announced the "first era of Bankless has concluded" in the same 24-hour window. The two biggest voices in Ethereum media stepping back simultaneously is not something people are willing to file under coincidence. → The institutional counter-narrative ran hard in parallel. Franklin Templeton's BENJI became the largest tokenized money market fund on Ethereum at $1.4B, up 50% in a month. Galaxy Digital launched a $125M ETH fund. ETH holds 66.8% TVL share of the entire RWA market. The fundamentals did not get the memo about the vibe shift. → Protocol-side kept moving too. EIP-7928 confirmed for the Glamsterdam hardfork. Ronin Network migrated to ETH L2. Community noise is running louder than foundation comms right now. → Sentiment is split and probably should be. DCinvestor: "the next cycle will be bigger than even I can imagine for ETH." jez: "thanks for everything eth, even if I don't own u anymore." Both things, true at the same time. The exits and the inflows arrived at the same party this week. Nobody's agreed on what that means yet.