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Bankless co-founder’s switch to altcoins causes a sharp drop, ZEC down over 32% in 24 hours.
According to market data, the tokens that Bankless co-founder David Hoffman previously disclosed as part of his portfolio switch have generally plummeted today.
ZEC dropped over 32% in 24 hours, trading at $401.58; NEAR fell over 22%, trading at $2.136; VVV declined over 21%, trading at $15.79; LIT decreased over 21%, trading at $1.388; HYPE fell over 15%, trading at $62.5.
Next, three things need to be monitored: whether related funds continue to flow in, whether on-chain trading volume and holdings keep expanding, and whether project teams or regulators provide new confirmation information.
A single news flash can only indicate that sentiment has been ignited; subsequent data will determine whether it can develop into a trend.
Risks should also be considered: Hoffman previously stated that after clearing ETH, he would buy about 50% of his funds into VVV, NEAR, ZEC, and HYPE, with the remaining 50% kept as cash reserves for gradual dollar-cost averaging, and he has already fully bought LIT.
$zec #near #hype #eth #On-chain data