Ethereum Foundation Appoints New Co-Executive Directors Amid Leadership Change

The Ethereum Foundation has appointed Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors, replacing Aya Miyaguchi, who transitions to the role of Foundation President. This leadership change reflects a new strategic direction amid Ethereum's declining price, approaching the $2,000 mark.

New Leadership Overview

Hsiao-Wei Wang has seven years of experience with the Foundation and contributed to Ethereum 2.0 initiatives.
Tomasz Stańczak founded Nethermind, expanding it into a global blockchain infrastructure company.
The restructuring aims to enhance technical R&D and community engagement while maintaining Ethereum's core principles.
Vitalik Buterin acknowledged the appointments on social media.

Market Performance

Ethereum's price has been in decline, falling from about $3,700 in January.
This downtrend has been exacerbated by Bitcoin's recent price crash.
On-chain activity and sentiment have also dropped, reaching a 12-month low.
Transaction volumes decreased by 15% to around $12 billion per day.
Active Ethereum addresses fell by 10% recently.
Currently, Ethereum trades at $2,210, with risks of dropping below $2,200 this week.