Buterin Tok Say Ethereum Foundation Get 0.16% of ETH, No Be Them Dey Control Price
Vitalik Buterin push back for critics wey dey talk say Ethereum Foundation dey control ETH price. For one post for X, e talk say the Foundation get about 0.16% of Ethereum wey dey circulate, way less pass the big treasuries (many times 10%–50%) wey dey other ecosystems. Buterin talk say the Foundation work na long-term: research, cybersecurity, decentralization, and open-source development—no be to do short-term market moves wey follow ETH price. For how dem dey manage treasury, e talk say dem get plan to reduce how often dem dey sell ETH and make the treasury fund development for longer time. The article mention say dem withdraw 21,270 ETH from Lido for May. Buterin say this na treasury strategy, no be sell signal—especially as the withdrawn ETH no dey earn Lido staking rewards again. E still point to the March 2024 Dencun upgrade wey reduce Layer 2 fees and make Ethereum mainnet revenue fall. Analysts see am as say dem put scalability and user experience first instead of short-term tokenomics signs. For ETH traders, the main lesson be say the current governance noise and treasury moves fit no too turn into immediate sell pressure for ETH, though how network revenue go behave after Dencun still dey important to watch.
Neutral
Buterin message reduce di chance say one clear, immediate ETH sell-driven story go happen: Foundation get small ETH exposure (0.16% of circulating supply) and e show say dem wan slow down ETH sales. Di May withdrawal of 21,270 ETH from Lido dem package am as treasury management no be liquidation plan, we fit calm short-term fear of forced selling.
But di Dencun upgrade angle still matter for market fundamentals. Lower Layer 2 fees mean less mainnet revenue, wey fit keep ETH tokenomics debate alive and cause intermittent volatility around protocol/performance expectations. Overall, di news more about clarifying intent than changing near-term cashflow mechanics, so di likely impact on ETH price go limited to sentiment instead of clear bullish or bearish shift.