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On May 21, Bankless co-founder David Hoffman sold all his ETH and turned around to buy VVV, NEAR, ZEC, HYPE, and LIT.
At the time, the market thought he was crazy—the most loyal believers in Ethereum had defected.
Four months later, the data was in:
LIT: +288% (cost: $1.35)
ZEC: +121% (cost: $560)
HYPE: +55% (cost: $45)
VVV: +55%
NEAR: +33% (cost: $1.4)
ETH rose just 17% over the same period.
All five assets outperformed ETH, and none fell behind.
LIT just broke above $5.2, hitting an all-time high. It rose 43.7% over the past 7 days and 108.4% over 30 days. ZEC also broke above $1,200.
Sold in May, bought in June, profited in September. David Hoffman made a killing with this portfolio rotation.