Ethereum Bull David Hoffman Shares Why He Sold His ETH

David Hoffman, a prominent Ethereum advocate and co-founder of Bankless, has sold his entire ETH position, stating that the "ETH is Money" thesis has largely played out. Hoffman believes that while Ethereum is a highly successful and valuable network providing essential blockspace, the token is unlikely to experience significant further price rerating. He characterizes Ethereum as a "giver, not a taker" that provides services at cost, leading to a scenario where the network's success may not necessarily translate into proportional gains for the ETH token. While he remains bullish on the network's future utility, his decision reflects a shift in his investment strategy regarding the token's value appreciation.

(Source：Cointelegraph)