Crypto media entrepreneur Kevin Ricoy has ignited a fierce debate within the Solana ecosystem by calling for the closure of the Solana Foundation. His scathing open letter criticizing the group’s direction and spending practices has sparked strong reactions from prominent figures like Kash Dhanda, co-founder of Jupiter, and Akshay BD, head of strategy at the Solana Foundation. 🎧 Ricoy argues that the Foundation’s disconnect from the community’s needs, its expensive events, and lack of accountability are hindering true growth for developers. He proposes dismantling the organization over time, directing resources directly to independent teams and local initiatives, and setting a date for shutdown. In response, Kash Dhanda and Akshay BD defend the Foundation’s role in fostering innovation and attracting institutional interest. However, they acknowledge the need for greater community involvement and decentralization within Solana’s ecosystem. 🗣️ The debate highlights a crucial tension between centralized coordination and grassroots innovation as the future of Solana remains uncertain. While a complete shutdown may be unlikely, some believe that opening doors for greater competition and wider involvement could prevent the Foundation from becoming the very authority it aimed to replace.