🚨📈 Tom Lee: When prices fall while Wall Street accelerates its deployment of $Grayscale Ethereum Mini Staking ETF(ETH.US), such divergence usually doesn't last.

When Tom Lee says "Wall Street is embracing Ethereum," he's emphasizing not an emotional rebound, but a structural shift.

His explanation for this round of decline is simple:

Like Bitcoin, it's capitulation selling, it's leverage unwinding, it's the emotional purge of "I'm done with crypto."

But he believes the fundamentals have never seen a rolling deterioration.

What's truly worth dissecting is the on-chain data.

Ethereum's usage intensity hasn't shrunk due to the price correction; instead, it continues to rise across multiple dimensions:

Number of active wallets increases

On-chain transaction count rises

TVL (Total Value Locked) recovers

RWA (Real World Assets) scale expands

Tokenization process accelerates

This creates a classic divergence:

Price has reset leverage, but adoption hasn't retreated.

More importantly are the changes at the institutional level.

BlackRock has already deployed tokenized funds on Ethereum

New York Stock Exchange explores asset tokenization on public chains

Fidelity Investments launches products based on Ethereum

This isn't a retail narrative; it's traditional financial infrastructure testing "on-chainization."

If we view Ethereum as a settlement layer, the current change is closer to:

Wall Street is migrating part of its financial logic to an open network.

Tom Lee's core point is essentially one sentence:

Adoption is accelerating, while price is unwinding.

Such divergence usually doesn't persist for long.

Of course, we must stay calm.

Rising on-chain activity does not equal immediate price reflection.

The market is still driven by macro liquidity, interest rate environment, and risk appetite.

ETH's valuation still relies on staking yields, Gas usage, and the pace of L2 expansion.

What's truly worth observing isn't short-term volatility, but:

Whether institutional deployment continues to expand

Whether RWA forms scaled traffic

Whether Ethereum maintains its status as the "default chain"

If these trends continue, then the current price phase looks more like a leverage reset, not a fundamental reversal.

The question here is:

As financial assets begin to go on-chain systematically, will you view Ethereum as a speculative asset, or as the next generation of financial infrastructure?