Ethereum bull David Hoffman explains why he sold his ETH
“Ethereum got the ETH price it deserves, and I don’t see ETH being rerated as an asset, higher or lower,” says David Hoffman.
David Hoffman, an Ethereum advocate and the co-founder of the media company Bankless, says he sold the remainder of his Ether (ETH) holdings last week as he believes the “ETH is Money” thesis has largely “played out.”
Hoffman said in an X post on Tuesday that “Ethereum got the ETH price it deserves, and I don’t see ETH being rerated as an asset, higher or lower.”
Hoffman said that Ethereum “has done incredibly well, and deserves the market cap that it has,” but the “window of opportunity for ETH to be ‘rerated’ by the market seems to be closing.”