According to Odaily Planet Daily, Bankless co-founder David Hoffman disclosed his latest crypto portfolio adjustment on X. Hoffman stated that he sold all his ETH holdings and immediately reallocated approximately 50% of the proceeds into VVV, NEAR, ZEC, and HYPE.
For the remaining 50% of funds, Hoffman implemented a two-pronged strategy: part of it was used to dollar-cost average into projects that had not yet experienced significant price increases, with NEAR trading at around $1.40 at the time. The other portion was directly used to build a position in LIT, which has now been fully deployed.
As a well-known media and DAO organization in the crypto space, Bankless co-founders' public portfolio disclosures often attract attention from market participants. Hoffman's move reflects his bullish stance on specific projects, but investors should note that this does not constitute investment advice.