Ethereum Foundation Sees $132M Inflow as Buterin’s Plan Takes Shape
Vitalik Buterin’s latest move to address concerns surrounding the Ethereum Foundation appears to be gaining traction, as fresh on-chain data reveals a significant influx of funds into the foundation’s multisig wallet. A recent transfer of 50,000 ETH—valued at approximately $132 million—has been recorded, with Buterin stating that these funds will be allocated toward increased participation in the DeFi ecosystem. This comes amid ongoing scrutiny over the Ethereum Foundation’s treasury management, particularly regarding transparency and its handling of ETH reserves. Buterin has proposed structural changes within the foundation, including replacing its executive director, Aya Miyaguchi, with Danny Ryan, a key figure in Ethereum’s transition to proof-of-stake. Additionally, some have suggested that the foundation should either stake or distribute portions of its $1 billion ETH treasury rather than routinely selling for stablecoins—a practice that has drawn criticism for exerting selling pressure on the market. SHARE: 0 SHARES