Vitalik Moves $29M in ETH to Ethereum Foundation, Calls for Sweeping Upgrades
Ethereum co-founder Vitalik Buterin shifted about $29 million worth of ETH to the Ethereum Foundation during this week’s market downturn, while publicly pressing for sweeping upgrades to the protocol to address scalability, security and long-term sustainability. The transfer to foundation reserves appears intended to fund development work and accelerate proposals that supporters argue are needed to keep Ethereum competitive. The timing matters: moving sizable holdings into foundation control during weak market conditions can be read two ways — as a pragmatic step to secure funding for critical roadmap items, or as a signal that leadership is consolidating resources while prices are depressed. Expect renewed debate in the community over upgrade priorities, governance transparency and how quickly funded work will translate into measurable network improvements.