The root cause of the Ethereum plunge is the evil deeds of the Ethereum Foundation. Yesterday, the Ethereum Foundation transferred nearly 100 million US dollars of ETH to the exchange and continued to sell coins for enjoyment, which aroused public outrage in the community. Ethereum's crypto market share (ETH.D) has been falling since the end of 2021, and has fallen by 32.5%.

The Ethereum Foundation is to blame for six sins!

1. Corruption: The core developers or researchers of the Ethereum Foundation have gained income as consultants from projects built on Ethereum; the foundation has become "parliamentary" and is hunted by all kinds of funds and interests, and never tires of it;

2. Bloated and inefficient: As many as 300 members with ETH allowances are parasitic on Ethereum and sucking the blood of Ethereum; most of them are doing research on paper and are indifferent to innovative projects applying for subsidies;