Huge news shaking up the crypto world! David Hoffman, co-founder of Bankless and a die-hard Ethereum supporter for the past decade, just announced that he’s sold almost all of his ETH! This OG, who’s been championing the “ETH is Money” narrative since 2017, has officially decided to cash out after nearly ten years of holding… and this move has the entire community buzzing! He admitted: The core argument of “ETH is Money” has been fully realized. Ethereum has successfully become a neutral, open-source, top-tier blockchain that provides secure block space and tokenized assets at an extremely low cost—a true king among “givers!” ️ However, he pointed out that Ethereum’s architecture prioritizes the growth and utility of the ecosystem as a whole, rather than capturing more value for ETH itself. With L1 transaction fee dominance significantly declining and challenges like governance coordination, the room for ETH’s asset revaluation is now quite limited. That said, Hoffman remains incredibly bullish on Ethereum’s future! He emphasized that network growth and application explosions will continue to thrive, but he’s decided to reallocate his funds to other promising projects, such as ZEC and NEAR. He believes ETH’s current price already reflects its achievements, and it’s time to let capital flow toward new opportunities! This move not only sparks reflection but also raises a big question: When a blockchain achieves ultimate success, can its token still continue to be “money”? Are you sticking with HODLing ETH, or are you starting to diversify like Hoffman?