Ethereum Foundation Defended Amid Growing Criticism Over ETH Strategy

The Ethereum Foundation is facing renewed criticism from parts of the crypto community, but blockchain researcher William Mougayar argues the organization is being judged by the wrong expectations. In a recent post, he said the foundation is performing “exactly” the role it was created for and should not be treated as a marketing arm for Ethereum.

Mougayar explained that Ethereum, ETH and the Ethereum Foundation are separate entities with different purposes. According to him, ETH functions as a digital asset, Ethereum serves as blockchain infrastructure, while the foundation acts as a nonprofit focused on protocol development and long-term decentralization.

Ethereum Foundation ETH Sales Trigger Community Concerns

The criticism comes after the foundation sold nearly $47 million worth of ETH through over the counter transactions in recent weeks. It also unstaked more than 38,000 ETH, worth close to $90 million, raising concerns among investors about Ethereum’s price outlook.

Ethereum Price and Protocol Development Remain in Focus

Despite criticism, supporters argue the foundation continues funding research and upgrades aimed at reducing reliance on centralized leadership. ETH recently traded near $2,120, though it remains significantly below its all time high of $4,953.