Where Is Ethereum Heading as the Spot ETF Hype Fades? Our Resistance to Speculative Illusions

スポットETF熱の冷却でETHはどこへ向かう?私たちが“投機的幻影”に抗う理由 About PGirls

SECTION 1: Rahab Defines the Problem

Rahab (Vo)
“The ETH price isn’t moving—it’s no surprise, really. But the fact that even the much-hyped spot ETFs failed to uplift the market? That’s telling. Giants like BlackRock and VanEck pushed these vehicles through, but demand is already fading. This isn’t just a price issue—it’s a crack in the core ideal of Web3 itself. We were promised decentralization and freedom. What we got is Wall Street repackaging crypto.”


SECTION 2: Moka’s Concern—Are We Still Free?

Moka (G/Vo)
“These ETFs sound safe to the average person. But in the end, it’s just old men in suits measuring trading volume and pulling out when the numbers don’t match.
Web3 was supposed to empower artists, foster DAOs, and create autonomous communities. Instead, we’ve let in the same capitalist forces that turned our creativity into investment products. It’s no longer about value—it’s about volume. It’s terrifying.”


SECTION 3: Rachel’s Reference—“Let Go of the Illusion”

Rachel (Ba)
“One book said: ‘People often confuse investing with speculating.’ ETFs dressed as financial instruments still end up being a glorified casino.
It also said, ‘Reading sentiment is easy—reading value is hard.’ Maybe it’s not the price of ETH that’s the problem. It’s our obsession with price itself. Until we understand that, we’ll keep chasing bubbles.”


SECTION 4: John’s Answer—Why PGirlsChain Matters

John (Dr)
“So what’s the solution? That’s exactly why we run PGirlsChain.
It’s not just another network. PGirlsChain and our native token PGirls are designed to resist the decay of decentralization by global capital.
We enable direct artist-fan engagement. We promote DAO-based project funding. And we do it without relying on U.S.-centric financial institutions.
This is cultural resistance. A rebellion. And above all, a return to the true spirit of Web3: self-governance and global solidarity.”


Infographic: ETH Price vs Spot ETF Impact

Final Words from John

John (Dr)
“Spot ETFs bring more hype than substance. And if the heart of Web3 is decentralization, then handing the wheel to centralized capital is a betrayal.
That’s why PGirlsChain exists.
We’ve built a parallel system where music, art, NFTs, and communities thrive without permission. We don’t wait for approval from the market—we build value from the ground up.
ETH may rise or fall. But network value—the kind built by communities, not corporations—is the only price worth watching.”

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