bankless

🚨 Bankless Founder Announces He's Sold His Last Holdings of ETH 👀⚠️
David Hoffman,
One of the Founders:
Bankless
Confirmed he has fully liquidated his:
Ethereum 🔥

This move comes as the platform enters what it described as a:
"New Phase" 👀

Is it just a repositioning…
Or a bearish signal for ETH? ⚡

#Ethereum #ETH #Crypto #Bankless

Even the most loyal ETH bulls are cashing out, what's going on with Ethereum?

David Hoffman, co-founder of Bankless and a die-hard ETH bull, just announced he's liquidated all his ETH. Ryan Sean Adams is handing over content control, and Bankless is accelerating its move away from ETH. Meanwhile, Tomasz Stańczak, the co-executive director of the Ethereum Foundation, has resigned, and eight senior researchers have left within a year. The Ethereum Foundation's new mandate is actively stepping back from fighting for ETH's market share. When the most faithful narrative builders and core dev teams choose to pull back, the argument for ETH as a narrative asset is being dismantled by both issuers and evangelists.

Why it matters: Bankless was once the loudest megaphone for the ETH narrative, and this complete pivot means Ethereum has lost its biggest core supporter. This mirrors the Ethereum Foundation retreating to a neutral bystander stance, leading to a dual deconstruction of the investment thesis for ETH.

#ETH #以太坊 #Bankless #crypto-narrative

Bankless Co-Founder Dumps ETH: Network Bullish, Token Lagging?

David Hoffman, a co-founder of Bankless, has dumped his entire ETH stack. His thesis isn't that Ethereum is failing, but that its success as a network – dominating stablecoins, DeFi, and L2s – may no longer directly pump the ETH token. He sees Ethereum as a 'giver' to its ecosystem, not a 'taker' of value.

This move comes as ETH struggles to break key resistance levels, trading near fragile support. ETF flows are mixed, and on-chain demand isn't providing the consistent bullish signal needed. Hoffman's exit, from a long-time ETH evangelist, questions whether ETH is still the best financial vehicle for Ethereum's future growth.

Hoffman claims he's not bearish on ETH, but rather sees better opportunities elsewhere, expecting no 'structural rerating' for the token. His decision highlights a growing debate about how value accrues within the Ethereum ecosystem, especially with L2s and applications capturing more of the economic activity.

#eth #ethereum #bankless #hoffman #valuecapture