Ethereum Foundation defender says critics miss its real job
Blockchain researcher William Mougayar defended the Ethereum Foundation after months of criticism over ETH sales, unstaking activity, and limited public communication.William Mougayar said critics misread the Ethereum Foundation by treating it like a marketing team.Recent Foundation sales to BitMine totaled 25,000 ETH across three OTC deals lately.Separate reports showed 38,305 ETH unstaked from Lido and earlier queues during recent treasury moves. Mougayar said critics often judge the Ethereum Foundation by the wrong standard. In his X post titled “Leave the Foundation Alone,” he argued that the group serves the protocol rather than ETHs market price. He said ETH, Ethereum, and the Ethereum Foundation are separate parts of the ecosystem. He described ETH as money, Ethereum as shared compute, and the Foundation as a non-profit working to reduce its own role over time. ETH sales keep drawing questions The defense comes as the Foundation faces questions over its treasury activity. Related coverage reported that it sold 10,000 ETH to BitMine on May 1 at an average price of $2,292 per ETH. That sale followed another 10,000 ETH sale to BitMine one week earlier and a 5,000 ETH sale in March. The March deal was priced at $2,042.96 per ETH and was also done through an OTC