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Proposal for $1B Ethereum advocacy group sparks debate amid EF talent exodus and price drop

Market News
22 May 2026
Unchained
View Source
Neutral
pluang ai news

Former Ethereum Foundation researcher Dankrad Feist proposed creating a $1 billion ETH-funded advocacy organization aimed at supporting Ethereum's price and competitive position. This comes amid a major talent drain at the Ethereum Foundation, with nine senior staff leaving in 2026, and a significant ETH price drop from $5,000 to around $2,100. The proposal has divided the community, with some supporting a price-focused group and others warning it could centralize Ethereum governance and harm its decentralized nature. The Ethereum Foundation is developing an alternative focused on censorship resistance and security, leaving the future of Feist's vision uncertain.

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