Former Ethereum researcher proposes new foundation focused on ETH price

Dankrad Feist, a former senior researcher at the Ethereum Foundation (EF), has proposed establishing a new organization to replace the current foundation. The proposal comes amid a series of leadership resignations and growing dissatisfaction with co-founder Vitalik Buterin's technical idealism. Feist argued that a new organization, funded with at least $1 billion and supported by staking fee revenue, is necessary to save Ethereum. He noted that the current foundation holds less than 0.1% of the total ETH supply and receives no fee income. Feist stressed that the new entity would require a combative leader and a board focused on increasing the price of ETH. This reflects community frustration over Ethereum's recent price stagnation compared to other assets and the foundation's perceived neglect of marketing and economics.