Zhu Su: The problem with the Ethereum Foundation is not that they sold their value tokens too early, but that they are unable to provide a coherent roadmap and effective leadership

Zhu Su, the founder of Three Arrows Capital, posted on X stating that despite Ethereum Foundation selling 30,000 Bitcoins they had raised when Bitcoin's price fell from $600 to $300, Ethereum still became one of the most successful projects in the crypto field. They also executed the only successful and highly controversial hard fork in cryptocurrency history. He emphasized that the problem with Ethereum Foundation is not "dumping" when tokens have not yet discovered their value - they were born as dumpers. The biggest issue is currently unable to provide a coherent roadmap and effective leadership for the ecosystem.