Amid criticism, the Ethereum Foundation’s Ether sales prompted Vitalik Buterin’s response on X.
The co-founder of Ethereum, Vitalik Buterin, has been at the top of the “KOL mindshare” chart on Crypto X for the past week. The blockchain and the Ethereum Foundation have recently faced widespread criticism.
Wartime mode Buterin had the largest relative KOL mindshare over the past seven days, according to Andy, the host of the cryptocurrency show the Rollup, who cited data from Kaito AI.
Mert Mumtaz, the CEO of Helius Labs, came in second with 1.18% of the mindshare. Most recently, the Ethereum Foundation’s practice of routinely selling Ether compelled Buterin to compose a lengthy post on X.
In response to the critics, Buterin clarified that the sales fund Ethereum developers and researchers, who uphold the network’s proof-of-stake mechanism, facilitate transaction inclusion in less than thirty seconds at low fees, enable privacy features with zero-knowledge proofs, and ensure the network’s uninterrupted operation since 2016.
He asked the critics to:
“Show some respect.”
Buterin has recently become more vocal about X, likely due to the ongoing Ethereum FUD. Ether’s low price performance, in comparison to that of other cryptocurrencies like Bitcoin and Solana’s Layer 2 scaling plan, as well as the declining revenues that have resulted from it on the base layer, have been a major contributor to the negative sentiment that has become prevalent.
In recent times, Buterin has been actively promoting Ethereum’s technological roadmap. He has been expressing his observations and suggestions regarding the potential effects that the “Merge,” “Surge,” “Scourge,” Verge,” and “Purge” phases could have on Ethereum’s future.
