Bankless co-founder sells all ETH to buy VVV, NEAR, ZEC, HYPE, LIT

Bankless co-founder David Hoffman sold his entire ETH holdings on May 21 to purchase VVV, NEAR, ZEC, HYPE, and LIT, according to Wu Blockchain. Hoffman previously argued that ETH's market capitalization already reflects its actual performance and that a further structural revaluation of the cryptocurrency is unlikely.