David Hoffman cites better investment prospects elsewhere, not bearish sentiment, for selling his ETH position.
Bankless co-founder David Hoffman sold his entire ETH holdings, citing opportunity cost rather than a negative outlook on Ethereum. The decision reflects his view that ETH lacks the coordination and execution needed to regain momentum as a monetary asset.
Hoffman previously supported the thesis of Ether as money but now sees challenges in re-rating ETH. He emphasized the move was not a defection from Ethereum but a shift toward more promising opportunities.
No immediate market reaction was reported following the disclosure.