David Hoffman after selling his Ethereum holdings: This valuation reflects its current position, and opportunities for it to rise or fall have become limited

David Hoffman, one of the leading supporters of Ethereum and co-founder of the Bankless platform, sold the remaining portion of his Ethereum holdings after years of strong support for it within the crypto community.

Hoffman said in a post on the X platform that the thesis “Ethereum is money” has reached its maturity stage in the market, explaining that Ethereum has received “a valuation that reflects its current position,” and that the chances of significant re-pricing upward or downward have become limited.

He added that Ethereum has achieved great success over the past years and was able to build a strong market value, with his expectation that the network will continue to perform strongly in terms of technical infrastructure and usage.

He also pointed out that Ethereum serves as a blockchain infrastructure layer with low operating costs, while layer-two networks benefit from most of the fees and revenues.

Despite his decision to sell all his holdings, Hoffman confirmed that he remains optimistic about the long-term future of the Ethereum network, expecting that only a limited portion of this growth will be reflected in the token’s price.

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