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A wave of departures from the Ethereum Foundation has intensified calls from community leaders for a new, well-funded organization built around boosting ETH's price, a mission critics say the nonprofit was never designed to pursue.

At least eight senior EF researchers and leaders have announced departures this year, with five exits coming in May alone, as the foundation undergoes a leadership reshuffle under new Co-Executive Directors Bastian Aue and Hsiao-Wei Wang, who joined in February after the departure of Tomasz Stańczak. Stańczak stepped down after leading the EF for just under one year.

Stańczak tenure was seen to push the EF to more actively promote and use Ethereum applications, while scaling the L1.