Top XRP Ledger validator Vet (@Vet_X0) recently hinted at what is currently happening within the Ethereum community.
He wrote, “The Ethereum community is in turmoil right now.” The message drew significant attention from the crypto community, and the full story is intriguing as Ethereum is facing a significant change.
Vet followed up with some detail, revealing that “few big names sold their ETH holdings and very senior people left the Ethereum Foundation.” The departures created a wave of commentary across the community about the state of Ethereum.
Few big names sold their ETH holdings and very senior people left the Ethereum Foundation. Created a vortex of people giving their take on the state of Ethereum
— Vet (@Vet_X0) May 21, 2026
The Exodus That Started It All
The Ethereum Foundation has lost at least eight senior staff members in 2026. Tim Beiko, Barnabé Monnot, Carl Beek, Julian Ma, Trent Van Epps, and Alex Stokes all departed within months of each other. Former co-executive director Tomasz Stańczak resigned in February after less than a year in the role. Josh Stark left in March after seven years.
The Foundation has offered no public explanation for the exits. Despite some bullish expectations from analysts, the silence is fueling negative speculation across the community about leadership direction and internal culture.
XRP Community Voices React
The replies to Vet’s post hit across the community. Prominent crypto journalist Laura Shin weighed in, arguing that Ethereum’s problems stem from neglecting tokenomics in its development decisions since the Dencun upgrade in 2024.
While Dencun benefited from Layer 2 activity, it also reduced fee revenue flowing back to ETH holders. Ethereum prioritized scaling over building a strong economic model for ETH itself, and things have spiraled since. Another commenter pointed to statements Vitalik Buterin made years ago about Ethereum’s scaling approach, arguing the current situation was visible long before it arrived.
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XRP Moves Into Position
Not everyone in the replies focused on what Ethereum loses. One commenter pointed directly at the competitive picture, stating, “No, they’re just setting up for XRP to flip them in the next month or two.”
That comment reflects a growing sentiment in the XRP community. Ethereum’s leadership instability arrives at a time when XRP is gaining institutional traction. The XRPL is expanding into tokenized assets and stablecoins. A sustained loss of confidence in Ethereum’s direction could accelerate capital rotation toward competing networks.
Experts have predicted for years that XRP will flip Ethereum. The turmoil at the Ethereum Foundation presents a major opportunity for XRP to regain its position as the second-largest cryptocurrency.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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