Kevin Ricoy, founder of crypto media startup Allmight, has ignited a fiery debate in the Solana ecosystem after he wrote a scathing open letter urging the Solana Foundation to set a date for its shutdown.
His remarks drew responses from figures like Jupiter’s Kash Dhanda and Solana Foundation’s Akshay BD, who stepped in to defend the organization’s role in supporting developers and encouraging adoption.
Ricoy’s Criticism
In the letter, published on X, Ricoy accused the group of becoming disconnected from the community. He pointed to high-cost events like Breakpoint in Abu Dhabi and a planned New York gathering as tone-deaf, especially when smaller builders were struggling with limited resources.
He also questioned the organization’s accountability and resource allocation, challenging its self-appointed role as a governing “Mayor’s Office” for the ecosystem. The blockchain enthusiast described the foundation as an “elitist peanut gallery,” saying it is becoming more
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