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🚨 $ETH Plummeted 60%! Co-founder of Bankless liquidates all ETH holdings!🤯
🔥 Ethereum die-hard supporter David Hoffman admits that the narrative "ETH is just money" has ended, and last week he directly sold all his Ethereum holdings!
📉 Key data:
• $ETH Dropped 60% from the $4,900 all-time high to $2,077
• Hoffman: "ETH has achieved the market cap it deserves, there will be no re-pricing"
• Former core developer of Bankless: ETH has underperformed the market for years
💡 Market analysis:
→ Although Hoffman has liquidated ETH, he remains "extremely bullish" on the Ethereum network, believing L2 will extract value
→ The ETH buying window is closing, smart money has shifted to $BTC and $HYPE