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Bankless founder bankrupts faith, this storyline is one of a kind in Web3
Author: Deep Tide TechFlow
David Hoffman tweeted in the early hours of May 21, 2026.
Just one sentence: "Has the atmosphere on crypto Twitter really changed over the past two weeks, or did I just sell my last bit of ETH?"
David Hoffman is the co-founder of Bankless and one of the biggest public evangelists for Ethereum over the past six years. He once wrote on his personal page, "99% of wealth is not in banks, but on Ethereum." This person authored "Ether: The Triple Point Asset," and is one of the core evangelists defining ETH as a "ultrasound money" narrative.
Now he's liquidated his holdings.
If last year some still regarded ETH as "debt for the future world,"