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What is happening with the Ethereum Foundation?
Over the past 5 months, at least 8 high-ranking members have left the project (according to Unchained).
This is a serious talent outflow against the backdrop of ETH price correction and increased competition.
Comment from Michael Saylor: "Investors have lost confidence in Ethereum, which is now facing strong competition from other networks like Solana and BNB."
The reality as of June 20, 2026: ETH is trading around $1,700–$1,720 (down approximately 14% since June).
Spot ETH ETFs show a mixed picture: frequent outflows, although there are days of inflow (mainly in BlackRock ETHA).
Competition is real: Solana wins in speed and fees, BNB in ecosystem and utility.
But not everything is so bad:
Ethereum remains a leader in DeFi, stablecoins, and RWA tokenization.
Upcoming upgrades (Glamsterdam and others) — lower fees, increased TPS.
Institutional interest through ETFs hasn't disappeared; currently, caution prevails.
Is the outflow from the Foundation a signal? Or just normal rotation in a large project?
Competition pushes development faster, but trust really needs to be restored through results.
Is this temporary turbulence or a structural problem?