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Bankless co-founder sells all ETH as platform enters new phase under new leadership.

Market News
21 May 2026
Crypto Briefing
View Source
Bearish
Bankless co-founder sells all ETH as platform enters new phase under new leadership.

David Hoffman, co-founder of Bankless and a longtime Ethereum advocate, has sold all his Ethereum holdings, surprising the crypto community. This move coincides with Bankless transitioning into its 'second era,' with Hoffman taking over leadership from co-founder Ryan Sean Adams, who will reduce his operational role but remain involved. Despite Hoffman's exit from ETH, the platform continues to focus on crypto, even as Ethereum's price has declined significantly from its peak in 2025. This leadership change marks a new chapter for Bankless rather than a departure from the crypto space.

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