All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Qiao Wang shifted from Wall Street to crypto, co-founding Alliance DAO to support Web3 startups and advocate for decentralization.
- He sold his Ethereum holdings, citing Solana’s growing advantages, lower transaction costs, and developer-friendly ecosystem as key reasons for his decision.
Qiao Wang is well-known in the cryptocurrency community. Long a force to be reckoned with as an investor and Alliance DAO founder, he is His recent choice to sell his whole Ethereum (ETH) holdings following a ten-year investment, however, surprised me greatly. This choice reflects the way an investor believes he is constantly one step ahead, not only a simple sell-off.
How did a Wall Street former quantitative trader transition to blockchain? And why is he so certain that Ethereum is not where crypto’s future resides? His journey is one of great changes, difficult decisions, and the bravery to face the always shifting sector.
Leaving Wall Street for the Future of Blockchain
Qiao Wang began his career in something else than cryptocurrency. He was a Wall Street quantitative trader prior to rising household name in the industry. The traditional world of finance gave him great experience back then—analysis of data, market prediction, and precise risk management. Still, the inflexible and inclusive financial system was one thing that made him feel imprisoned.
Conversely, the new blockchain technologies presented something else: decentralization, openness, and freedom. For Wang, this was a revolution rather than only a development. This is the reason he finally decided to venture into the crypto sector from the comfort of the traditional financial sector.
This change carried some risks. Many of his contemporaries thought his action was even reckless, too bold. Still, Wang was adamant about his conviction: he wanted to lead the way if blockchain could disrupt the worldwide financial system.
Alliance DAO: Building the Future of Web3
Once into the crypto space, Wang developed an ecosystem for blockchain-based businesses in addition to being an investor. Establishing Alliance DAO, an accelerator supporting Web3 developers and entrepreneurs, was one of his most significant actions.
Startups in this community not only have access to a large network in the crypto sector but also mentoring from professionals and financing. Wang thinks that Web3’s future is about creating an equitable and transparent system for everyone, not only about digital money.
Moreover, Wang actively supports initiatives with anti-authoritarian values including the creation of decentralized VPNs, encrypted messaging, and freer internet services. Blockchain, according to him, is a tool to fight against government censorship and too strong control as well as a financial one.
Still, among all his enthusiasm about cryptocurrency, the community has great concerns about his controversial Ethereum sale decision.
Why Did Qiao Wang Sell All His Ethereum?
As someone who has held Ethereum since the genesis block, Wang’s decision to sell all his ETH has surprised many. Is this a sign that Ethereum has reached its peak?
Wang claims that Ethereum has restrictions in terms of expansion. Even if many ideas like Layer 2 have been created, he observes that Ethereum’s advantages over its rivals are erasing. For instance, Solana provides lower fees and faster transactions—qualities Wang thinks would appeal more to new developers and consumers.
“Ethereum Layer 2 does exist, but its advantages over other alternatives are no more that significant,” he remarked in an online conversation.
He also underlined that although many developers who wish to migrate from Ethereum to Solana find the change worthwhile, others do have a steep learning curve. Solana’s more efficient ecosystem appeals more for developing blockchain-based technologies.
Wang does not, however, discount any Ethereum advancement. Though he still values the network’s contribution to the sector, as an investor he finds better prospects elsewhere.
