Investment
Features
FeesSafety
Academy
More
Pluang+

Bankless co-founder sells ETH, says 'ETH is money' thesis has played out but remains bullish on Ethereum network.

Market News
27 May 2026
Crypto news
View Source
Neutral
pluang ai news

David Hoffman, co-founder of Bankless, sold his Ethereum (ETH) holdings after concluding that the long-standing thesis of 'ETH is money' has largely played out. Despite selling his ETH, Hoffman remains bullish on the Ethereum network and its ecosystem, believing that growth may increasingly benefit applications and layer-2 solutions rather than ETH itself. He highlighted Ethereum's role in supporting stablecoins, DeFi, and tokenized assets, which may drive network value without directly increasing ETH demand. This move comes amid ongoing developments in Ethereum's layer-2 scaling and treasury strategies by institutions, signaling a shift in how value is captured within the ecosystem.

More News (ETH)

Ethereum may dip short-term but could rally 15% toward $2,100 after a bullish breakout.

Ethereum may dip short-term but could rally 15% toward $2,100 after a bullish breakout.

Ethereum faces resistance near $1,900, which might cause a short-term pullback to $1,810 or $1,781. However, a confirmed double-bottom breakout suggests a potential 15% rally to the $2,125–$2,186 range if it holds above $1,817. Breaking below $1,781 ...

Technical Signals
Bullish
4 hours ago
Ethereum's rally faces a key test as staking demand rises despite lower yields.

Ethereum's rally faces a key test as staking demand rises despite lower yields.

Ethereum (ETH) has outperformed Bitcoin (BTC) in Q3, driven by a rally sparked by a softer CPI report and strong on-chain metrics. The recent surge pushed ETH above $1,900, triggering significant liquidations in futures positions. However, ETH now fa...

Technical Signals
Bullish
4 hours ago
Solana surpasses 300,000 real-world asset holders, challenging Ethereum's dominance in tokenized assets.

Solana surpasses 300,000 real-world asset holders, challenging Ethereum's dominance in tokenized assets.

Solana's number of wallets holding tokenized real-world assets (RWAs) has exceeded 300,000, surpassing Ethereum's roughly 200,000 holders. While Solana's RWA value doubled in 2026 to $3.45 billion, Ethereum still leads with $16.3 billion in tokenized...

Protocol Fundamentals
Bullish
4 hours ago
Ethereum's staked market cap jumps 12% to $78B, leading the staking market amid mixed crypto performance.

Ethereum's staked market cap jumps 12% to $78B, leading the staking market amid mixed crypto performance.

Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...

Protocol Fundamentals
Neutral
4 hours ago
Bitcoin dips amid cautious market; Ethereum rises on selective investor interest.

Bitcoin dips amid cautious market; Ethereum rises on selective investor interest.

Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...

Market News
Neutral
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App