Why Bankless Co-Founder Sold His Entire Ethereum Portfolio

ETH

ETH/USDT

$2,492.46

+1.50%

$2,492.46

+1.50%

(24s)

24h Volume

$6,870,516,417.80

24h H/L

$2,523.97 / $2,450.00

Change: $73.97 (3.02%)

Long/Short

58.5%

Long: 58.5%Short: 41.5%

Funding Rate

+0.0011%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,498.23

▲ 0.72%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,516.30

Price$2,498.23

Support 1$2,449.71

Support 2$2,373.38

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.0

Mohammad Shahid

(07:12 AM UTC)

1 min read

Updated bySarah Chen

0 comments

Bankless co-founder David Hoffman said he sold his ETH because he no longer believes Ethereum’s success will fully translate into higher ETH prices.

Hoffman, one of Ethereum’s most visible media advocates, said the “ETH is money” thesis did not collapse. Instead, he argued that it already played out. “The ETH is Money thesis didn’t fail… it played out,” he wrote.

His post lands as ETH…