Zhu Su: The problem with the Ethereum Foundation is its inability to provide a coherent roadmap and effective leadership, rather than premature selling

2024-08-26 12:50:53

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ChainCatcher news, Zhu Su, the founder of Three Arrows Capital, stated in a post on X that although the Ethereum Foundation sold 30,000 Bitcoins it raised when the price of Bitcoin dropped from $600 to $300, Ethereum still became one of the most successful projects in the crypto space. They also executed the only successful controversial hard fork in cryptocurrency history. He emphasized that the problem with the Ethereum Foundation is not the sale of tokens before their value was discovered; they were born to be dumpers. The biggest issue is the current inability to provide a coherent roadmap and effective leadership for the ecosystem.

Previously, it was reported that the Ethereum Foundation sold 100,000 ETH in 2020, after which the price of ETH increased sixfold. On August 24, they sent another 35,000 ETH to Kraken.

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