Controversy surrounds the Solana Foundation, facing criticism from Kevin Ricoy, founder of Allmight, regarding its governance and spending practices. His concerns center on the high cost of events, raising questions about decentralization within the community. This has sparked a debate amongst stakeholders, with some advocating for increased transparency and resource distribution in line with community demands. The foundation’s strategy, particularly concerning large-scale gatherings, is under scrutiny. While supporters argue that these events are crucial for growth, critics like Ricoy advocate for greater decentralization and transparency. This has led to discussions on Twitter/X, where stakeholders are calling for a shift in the Foundation’s financial priorities. The impact of this controversy extends beyond the Solana ecosystem. Market perception is also affected as community trust is being questioned. Ricoy accuses the foundation of becoming an