F2Pool co-founder Wang Chun: ETH rebounded to $4956 within 4 months, and investors should not be swayed by short-term panic

F2Pool co-founder Wang Chun responded on platform X to the recent fluctuations in the cryptocurrency market, stating that Ethereum once dropped to $1,386 in April 2025, but just four months later rebounded to $4,956. He emphasized that the market is cyclical, and investors should not be swayed by short-term panic.

In addition, Wang Chun pointed out that the Proof of Work (PoW) mechanism is Bitcoin's "constitution," and the mining mechanism and miners' core role in Bitcoin network governance should be respected. Without the support of miners, Segregated Witness (SegWit) would be difficult to activate, and the Lightning Network would also be hard to realize. Miners are an important force in maintaining the security and stability of the Bitcoin network and have played a key role in several controversial events, including the power struggle surrounding Bitmain, Roger Ver's stance on forks, the identity controversy sparked by Craig Wright, and the BIP-110 proposal, which some in the community viewed as a farce.