“During my break, Bastian guided the transition with care and thoughtfulness, and I appreciate the work he and many others have put into that process,” Wang said. “Over time, I've come to feel that this is the right moment for me to step back.”
As organizational leadership parted ways, it fueled skepticism about the Foundation’s ability to push the Ethereum ecosystem forward.
Prominent Ethereum Dev Proposes $1 Billion ETH Organization With Leader Who 'Wants to Fight'
ETH, the foundation’s key asset, is down around 1.4% in the last 24 hours, recently changing hands at $1,708. At that mark, it has now fallen nearly 66% from its all-time high of $4,946 set less than a year ago in August 2025.
A representative from the Ethereum Foundation did not immediately respond to Decrypt’s request for comment.
