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BSC Szn: What Ethereum Could Have Been Without Foundation Sell-Offs

BSC Szn: What Ethereum Could Have Been Without Foundation Sell-Offs

In the fast-paced world of crypto, sometimes a single tweet can spark a wildfire of debate. That's exactly what happened with this post from @beast_ico, who dropped a hot take: "BSC szn is what ETH mainnet could have been if the foundation had shoved supply into coins instead of full stacking every breakout for the last 5 years."

For those not deep in the jargon, "BSC szn" refers to the current hype around Binance Smart Chain (BSC), a blockchain known for its low fees and speedy transactions, making it a hotspot for meme tokens and decentralized apps. It's like the party Ethereum promised but with fewer gas fee headaches. On the flip side, "full stacking every breakout" is a jab at the Ethereum Foundation's habit of selling large chunks of ETH whenever the price starts to climb, which many see as suppressing potential rallies.

This tweet resonates because it touches on a sore point in the community. Ethereum, the granddaddy of smart contracts, has been battling high fees and scalability issues, pushing users toward alternatives like BSC. Meme tokens, those fun, volatile assets often inspired by internet culture, thrive on chains where launching and trading them doesn't cost an arm and a leg. BSC has become a breeding ground for these, with projects popping up left and right, drawing in traders looking for the next big pump.

The replies poured in, amplifying the conversation. One user, @c_0okiez, summed up the frustration with a meme showing a tweet about the Ethereum Foundation planning to sell 10,000 ETH—right when prices tick up slightly.

Meme screenshot of Watcher.Guru tweet on Ethereum Foundation selling 10,000 ETH

Another reply from @haz33b_ highlighted the Foundation's own announcement, calling their reasoning "insane." Here's the screenshot they shared:

Screenshot of Ethereum Foundation tweet announcing conversion of 1000 ETH to stablecoins

In it, the Foundation explains converting 1000 ETH to stablecoins via CoWSwap to fund R&D, grants, and donations—while ironically showcasing DeFi's power. Critics argue this constant selling creates downward pressure on ETH's price, stifling the ecosystem's growth and making it harder for meme tokens and other projects to gain traction on mainnet.

Others chimed in with their takes. @whimsioracle recalled Vitalik Buterin dumping ETH-related dog coins for charity during the COVID era, which, while noble, added to the supply overhang narrative. @xerocooleth painted a dystopian picture: ETH at $3k while BNB soars to $5k, underscoring BSC's potential dominance.

Even practical questions emerged, like @camolNFT asking how to catch up on BSC szn beyond just holding BNB. @beast_ico's cheeky response? "you're not in the gc w/ CZ? ngmi" — a nod to Binance founder Changpeng Zhao and the "not gonna make it" meme for those out of the loop.

This thread highlights a broader shift in the crypto landscape. As meme tokens evolve from jokes to serious value drivers, chains like BSC offer the accessibility Ethereum once did. For blockchain practitioners, it's a reminder to diversify and stay agile. If you're building or trading memes, keeping an eye on low-fee chains could be key to riding the next wave.

What do you think? Is BSC the new king of memes, or will Ethereum reclaim its throne with upcoming upgrades? Drop your thoughts in the comments below, and check out more insights on meme-insider.com.

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