‘No One Wants ETH in the Long Run’—Samson Mow Warns of BTC-Driven Pump and Dump

A prominent bitcoin advocate and JAN3’s CEO, Samson Mow, alleged a cyclical trading pattern fueling recent $ETH- $BTC price shifts. He claimed that early ethereum investors—many holding substantial bitcoin reserves—are rotating $BTC into $ETH to boost its value with hype-driven narratives, such as “Ethereum Treasury” campaigns. According to Mow, the strategy ends when these actors sell $ETH at inflated prices, leaving retail traders with devalued holdings while shifting profits back into $BTC. He asserted that this pattern reflects a market reality where bitcoin remains the long-term preference over ethereum, warning, “No one wants $ETH in the long run.” His remarks serve as a caution for traders to prepare for orchestrated market rotations and avoid becoming “generational bagholders.”