TechFlame News: Bankless co-founder David Hoffman posted on X that after selling off all his ETH, he immediately used approximately 50% of the funds to buy VVV, NEAR, ZEC, and HYPE, while the remaining 50% was set aside as cash reserves for gradual dollar-cost averaging, and has now been fully deployed to purchase LIT. On May 21, Bankless co-founder David Hoffman announced that he had cleared his entire ETH position. He later posted a detailed explanation of why he sold his spot Ethereum, emphasizing that this decision was not made on a whim. David stated that the grand narrative of "ETH is money" has not failed, but rather has been fully priced in and played out to its logical conclusion—the Ethereum network has achieved a valuation commensurate with its current accomplishments. However, the ETH asset itself is unlikely to be repriced by the market, whether upward or downward. He remains extremely bullish on the Ethereum network and believes the ecosystem will thrive, but only a very small portion of these successes will continue to be reflected in ETH's price.