To save the declining state of Ethereum, Ethereum co-founder Vitalik Buterin announced on the 18th that he is undertaking major reforms to the leadership structure of the Ethereum Foundation, with the aim of strengthening the Foundation's role in Ethereum's development. He also stated that he will support Ethereum-related companies to proactively engage with funds, institutions, and nations to encourage them to purchase ETH.
Notably, after Vitalik Buterin announced the important adjustments to the Ethereum Foundation, a community user tweeted a proposal to support Milady, perhaps to remove the curse against ETH and save Ethereum. To this, Vitalik Buterin surprisingly went along with it, stating that he has purchased Milady 9286 and set it as the profile picture of his X account. He even pleaded:
I've done it, can the curse be lifted now? Please.
Has V God started to panic?
Amid the current concerns within the Ethereum community, Vitalik Buterin has rarely followed through on community suggestions, purchasing Milady and setting it as his X account profile picture. This clearly shows that "V God seems to be truly panicked." In the past, he repeatedly emphasized that "the price of ETH is not important," but now he has been "dismantled" by Trump, with the new US President preferring to issue meme coins on Solana rather than Ethereum, suddenly subjecting V God to unprecedented market and political pressure.
It was previously reported that in the crypto asset strategic reserve list being planned by the Trump administration, USDC, SOL, and XRP were included, but ETH was not, which has become a hot topic of discussion in the community. Now that Trump has chosen to issue coins on Solana, it has further exacerbated the community's concerns, worrying that if Ethereum is not recognized as the "American chain," the development power of Ethereum may "bleed heavily" in the future.
This is undoubtedly a heavy blow to Ethereum, which has long held the position of the leading public chain.
In the past, when dealing with meme coins, Vitalik Buterin often donated the proceeds, and he personally maintained a distance from the high-risk speculation culture. In contrast, the Solana official directly embraced the meme coin culture, loudly proclaiming "come play meme coins on our chain," standing out with high-speed transactions and low fees, not to mention the disappearance of Solana's notorious downtime issues after SBF was imprisoned. Now with Trump's endorsement, it has quickly formed the momentum of becoming the "meme coin headquarters."
For Ethereum, the high gas fees have long been criticized. Now, with the consecutive loss of political and market advantages, it is facing multiple blows, and the situation is constantly deteriorating.
On the other hand, Vitalik Buterin has always held a reserved attitude towards NFTs. He previously believed that if cryptocurrencies are only remembered as a group of people trading digital monkeys and celebrity photos, it would be a disappointing result. But now, facing the severe challenges to Ethereum's overall ecosystem, he has finally chosen to accept the community's suggestion, purchasing the Milady NFT and changing his profile picture, turning around to humorously ask the community to "quickly help lift the curse."
Further reading: V God disappointed: Cryptocurrencies cannot be used only to trade digital monkeys and celebrity photos, practical applications are the future
Regarding this, the trading BOT project pepe boost sighed, when NFT was hot, V God looked down on NFT, when MEME was hot, V God looked down on MEME, and now it's good, NFT is over, MEME has gone to SOL:
V God lacks a sense of being grounded, and it is hoped that he can return to the mainstream of crypto, leading the crypto industry to explore more, rather than floating in the air.
This move shows that Vitalik Buterin's ideological direction has been shaken. For a long time, he emphasized decentralization first, technological progress first, and price is not important. But now, he has taken major actions to reform the Ethereum Foundation and expressed a willingness to negotiate the asset positioning of ETH with institutions and nations. This shows that V God is also human, and in the face of the voices of the masses, he can only comply (not sure if it's too late?). He cannot only follow the technical and idealistic path, but must also take into account market dynamics and political factors.
