Andrew Kang, a partner at Mechanism Capital, wrote on the X platform, "It was once thought that ETH and ETH/BTC exchange rate pairs were overhyped in the Ethereum ETF, but with Trump's proceeds from WLFI being used to buy ETH, and the nomination of the SEC and CFTC chairs who support ETH/DeFi, the selling pressure of ETHE and the hype of ETFs are cleared, and Ethereum doesn't look so bad anymore."