Ethereum’s $164M Drama: Danny Ryan vs. Aave DAO Takeover

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In a twist that could only happen in the wild west of crypto, a majority of ETH wallets—holding a staggering 51,198 ETH ($164 million)—have unofficially rallied behind former Ethereum researcher Danny Ryan to lead the Ethereum Foundation (EF). 🚀 Meanwhile, the Aave DAO is lurking in the shadows, whispering sweet nothings about taking over the EF. Because, why not? 🤷‍♂️

On-chain analytics platform Lookonchain revealed that 97% of 335 voters backed Ryan in this informal poll. Yes, 97%. That’s not a typo. It’s either overwhelming support or a very small, very enthusiastic group of ETH holders. 🎉

“In an informal Ethereum poll, 97% of 335 voters voted for former Ethereum researcher Danny Ryan to become the next leader of the Ethereum Foundation. These wallets hold more than 51,198 ETH ($164M),” Lookonchain reported.

But wait! Ethereum co-founder Vitalik Buterin, the man with the plan, has made it clear that social media pressure won’t dictate leadership changes. 🛑 His words? “No. This is not how this game works. The person deciding the new EF leadership team is me.” Translation: “Sit down, everyone. I’m still in charge.” 🪑

“No. This is not how this game works. The person deciding the new EF leadership team is me. One of the goals of the ongoing reform is to give the EF a ‘proper board,’ but until that happens, it’s me. If you ‘keep the pressure on,’ then you are creating an environment that is actively toxic to top talent,” Buterin emphasized.

Meanwhile, Tron founder Justin Sun is out here pitching ideas for an Ethereum revival. 🛠️ Because if there’s one thing Ethereum needs, it’s advice from Justin Sun. 🙃 Uniswap CEO Hayden Adams also chimed in with an Ethereum Improvement Proposal (EIP) suggesting a one-time inflationary event. Because nothing says “innovation” like printing more money. 💸

Aave DAO: The Wolf at Ethereum’s Door

the Ethereum Foundation is at the center of a power struggle that’s equal parts fascinating and absurd. Will Danny Ryan rise to the top? Will Aave DAO swoop in like a crypto vulture? Only time will tell. ⏳

BeInCrypto data shows that Ethereum’s price has been up by over 5% since the Thursday session opened. As of this writing, ETH was trading for $3,251. 📈 Because even in chaos, the market finds a way. 🌟

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2025-01-30 19:05