Samson Mow, a well-known Bitcoin entrepreneur and founder/CEO of JAN3, has thrown a bucket of cold water on Ethereum’s relative-strength burst versus Bitcoin, arguing the ETHBTC move is being engineered by BTC-rich Ethereum insiders rotating capital to manufacture an upside narrative around “treasury” adoption—and then unwinding it back into BTC. “Let me explain what’s happening with ETHBTC,” he wrote on X, setting up a critique of both flows and psychology.

Bitcoin Maxis Laugh At ETH Pump-And-Dump

He alleges a familiar rotation loop is in play: “Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s).” Once price is where they want it, he continues, “Once they’ve gotten it high enough, they’ll dump

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