Vitalik Buterin "No Ethereum Marketing"... Explosive Statement Amidst Halving from Peak Price

▲ Ethereum (ETH)

The Ethereum (ETH) Foundation has clearly stated its intention to focus on its inherent technical responsibilities, outright rejecting recent demands within the ecosystem for marketing and token price support, which arose from recent price drops and the departure of internal personnel.

According to cryptocurrency media outlet Cointelegraph on May 25 (local time), Ethereum co-founder Vitalik Buterin directly refuted growing criticism within the ecosystem regarding the role of the Ethereum Foundation (EF). Buterin dismissed some arguments that the foundation should support token prices or strengthen marketing, emphasizing that the foundation will continue to carry out its core missions: censorship resistance, open-source software code development, long-term research, cybersecurity, and promoting the decentralization of the Ethereum protocol.

Buterin pointed out, "The Ethereum Foundation is not the center of Ethereum; it is just one node performing a defined purpose along with other nodes." He added, "We have always said that the foundation should play the latter role, but many within the ecosystem and even among foundation members wanted to make us the central axis." He continued, "Now we are taking decisive actions to ensure the foundation remains a single node." The foundation explained that it will focus on strengthening Ethereum's cybersecurity and code base, rather than excessively striving to compete with other high-throughput blockchain networks or to scale to handle 1 million transactions per second.

This clarification comes amidst a chaotic situation where large Ethereum holders have recently sold off their entire positions and high-ranking personnel have successively departed from the foundation. The current price of Ethereum is approximately $2,094, a drop of more than 50% from its all-time high of approximately $5,000 recorded in August 2025. Buterin noted that "the amount held by the Ethereum Foundation is only about 0.16% of the total Ethereum supply," pointing out that this is a very small amount compared to other project foundations that hold 10-50% of their self-issued tokens.

Regarding Ethereum's price decline, cryptocurrency journalist Laura Shin pointed out that Ethereum's original sin lies in its failure to consider tokenomics in all its actions since the Dencun upgrade. The Dencun upgrade, implemented in March 2024, successfully significantly lowered Layer 2 transaction fees, but consequently led to a sharp decrease in revenue from Ethereum's base layer fees. Shin commented that most investors are unwilling to trust an asset that cannot put points on the scoreboard.

In response, Buterin stated that the foundation will efficiently manage its finances to focus on long-term survival and sustainability and to fund research. This is interpreted as an intention to reduce the foundation's future sales of Ethereum. As part of its asset management strategy, the Ethereum Foundation unstaked 21,270 ETH from the Lido liquid staking platform. While unstaking means this amount will no longer generate interest income, it does not imply immediate token sales by the foundation.

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