Ethereum's ETH Gains in Line with Market Following Vitalik Buterin's EF Vision Post - "The Defiant"

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While most of Crypto Twitter reacted enthusiastically to Ethereum co-founder Vitalik Buterin outlining a leaner, more focused future for the Ethereum Foundation (EF), the market reaction was more muted.

Ether rose about 1.4% in the 24 hours after Buterin’s post, trading near $2,132 as of Monday. The gain was in line with the broader cryptocurrency market, which also advanced modestly, with total capitalization up 1.1% to roughly $2.67 trillion, according to CoinGecko data.

Spot flows were also in line with the broader market, with ETH attracting $47.8 million in the past 24 hours, compared with Bitcoin’s $159,8 million, per CoinGlass tracking.

Buterin described the EF transitioning to a "smaller ship" that prioritizes longevity over breadth and will sell less ETH. The foundation now holds approximately 0.16% of total ETH supply.