You don't get it. He's not selling his coins. More than that I assume he is perfectly hedged into other projects. This is capitulation on the idea that people strive for more freedom. It is about the potential we saw in Bitcoin 15 years ago that didn't turn out to come to fruition. As people seek comfort in fiat NGU over taking care of their own money. Back then we thought people on average want to live free lives. But as it turns out (and that came as a shocking surprise to many) it is a small minority - maybe 5 % that actually do care. The rest finds comfort in slaving away their life as staists.