Mysterious Ethereum Power Play: The $159 Million Movement Backing an Unexpected Leader Emerges

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Wallets holding a collective $159 million in Ether have informally endorsed Ethereum researcher Danny Ryan as the prospective leader of the Ethereum Foundation. This community-driven movement highlights ongoing leadership struggles within the foundation and a call for organizational change.

The informal poll, which has so far drawn 582 participants, reports an overwhelming 99.98% in favor of Ryan stepping into the executive director role, with only 13 dissenters. This vote, however, is not officially connected to any Ethereum Foundation proposals.


Danny Ryan, a well-respected figure in the Ethereum community, served as the lead coordinator for Ethereum’s transition from proof-of-work to proof-of-stake, known as the Merge. He also spearheaded the introduction of the Beacon Chain in 2021. After stepping away from the foundation in 2024 due to health concerns, Ryan has been the subject of a community movement advocating for his leadership.

This poll was initiated by Fabrice Cheng of Quadrata as a more amicable method of expressing community support, especially in light of criticism aimed at the current leadership. Notably, Ethereum’s market performance has lagged, leading to calls for a reassessment of leadership during this bull market.

Current Executive Director Aya Miyaguchi, at the helm since 2018, has faced backlash amidst Ethereum’s stagnant growth compared to other cryptocurrencies such as XRP and Solana. Ethereum co-founder Vitalik Buterin has clarified that all decisions still rest with him until a formal board is established, while defending Miyaguchi against unduly harsh criticism.

Ryan has recently re-emerged on social media, advocating for peace and mutual respect within the community. He has confirmed ongoing discussions with Buterin and others about his potential role in a new era for the Ethereum Foundation.