According to Miles Deutscher, ETH was the most mentioned asset by crypto VCs over the past month, indicating concentrated market mindshare on Ethereum — source: X post dated Aug 31, 2025, https://twitter.com/milesdeutscher/status/1962194212080017746. For trading, this highlights ETH spot and perpetual pairs as priority watch for liquidity and momentum monitoring as attention clusters around ETH — source: Miles Deutscher on X, Aug 31, 2025, https://twitter.com/milesdeutscher/status/1962194212080017746. Traders can also track ETH-related narratives and ETH beta within the Ethereum ecosystem given the current VC focus — source: Miles Deutscher on X, Aug 31, 2025, https://twitter.com/milesdeutscher/status/1962194212080017746.

According to @KookCapitalLLC, venture capital firms and KOLs aligned with them have hurt retail participants, asserting that the way to build winners in crypto has changed and explicitly naming Hyperliquid as the focus, which provides a clear sentiment datapoint for traders tracking social-driven flows around that venue (source: @KookCapitalLLC on X, Aug 26, 2025).