Bankless Co-founder David Hoffman Discloses Altcoin Positions, All Five Outperform ETH

Bankless co-founder David Hoffman announced on May 21 that he had cleared his ETH position and rotated into five altcoins — VVV, NEAR, ZEC, HYPE, and LIT — disclosing entry prices of approximately $1.40 for VVV, $45 for ZEC, $560 for NEAR, $1.35 for LIT, and $86.51 for HYPE.

According to Gate market data, LIT is currently trading at $5.02, up approximately 272% from the entry price; ZEC is at $1,512.42, up approximately 170%; NEAR is at $3.49, up approximately 149%; and HYPE is at $86.51, up approximately 92%. Hoffman did not disclose the exact entry price for VVV; based on an estimate of $15.99 on May 21, it is now at $25.27, up approximately 58%. Over the same period, ETH rose from approximately $2,127.47 to $2,473.23, up approximately 16%. All five altcoins in his allocation significantly outperformed ETH over the same period.