Hsiao-Wei Wang’s exit from the Ethereum Foundation adds to a leadership shakeup as ETH prices slip below $1,700.
Ethereum is changing hands near $1,690, down roughly 2.86% over the past 24 hours, according to CoinMarketCap data. The dip follows news that Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, is stepping down effective immediately, following a sabbatical.
Wang joined the Foundation’s research team in 2017 and helped design the Beacon Chain, the backbone of Ethereum’s shift to proof-of-stake. She was promoted to co-executive director in March 2025 alongside Tomasz Stańczak, who left the role himself in February.
Her departure marks yet another senior exit at the nonprofit, following a string of resignations from the Foundation’s leadership and Protocol teams over the past year. Bastian Aue has taken on a larger interim role guiding the organization through the transition.
While leadership turnover at the Foundation doesn’t directly control ETH’s price, the timing has fed into a broader bout of bearish sentiment across the market this week. Traders weighing where ETH price goes next will be watching whether the Foundation names permanent leadership soon.
Read more: Ethereum Price Prediction
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
