Blockchain researcher defends Ethereum Foundation, says it’s ‘exactly’ doing its job
William Mougayar says critics are measuring the Ethereum Foundation by the wrong standard, claiming it was never meant to pump ETH or court institutions....
Key takeaways
- 1Ethereum Foundation sold approximately $47 million worth of ETH to BitMine across three OTC transactions in recent weeks.
- 2William Mougayar argues EF is a protocol steward, not a marketing engine, and should not be expected to pump ETH price.
- 3ETH trades at $2,117.09, down 57% from its August 2025 all-time high of $4,953.
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Why it matters
For Indian retail investors, this clarifies that EF's primary role is protocol development, not price support, meaning ETH's performance depends on market fundamentals rather than foundation actions. Understanding this distinction helps investors make informed decisions independent of foundation activities.
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