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🚨 Vitalik Buterin recently spoke out in defense of the Ethereum Foundation amid criticism calling for the organization to intervene more aggressively in ETH price action and marketing efforts. He emphasized that EF is only one node within the Ethereum ecosystem, not its central authority, and said it will continue focusing on research, security, and decentralization.
Notably, EF reportedly holds just 0.16% of the total circulating ETH supply — far lower than many other protocol foundations, which often control between 10% and 50% of their token supply. The criticism comes as ETH is still trading more than 50% below its all-time high, while several senior EF members have departed and network revenue has dropped significantly following the 2024 Dencun upgrade.
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