Bankless co-founder David Hoffman said on X that a group of tokens he described as “2017-era Bitcoin clone coins” has started heating up again. He pointed to PRL, which he said rose 30% this week and reached a fully diluted valuation of about $4.2 billion, and QTC, which he said gained 300% this month and was valued at roughly $1.8 billion with a total supply of 21 million tokens. Hoffman said tokens built around a fixed 21 million supply cap are worth watching. In his view, that design could support valuations in the multi-billion-dollar range. His comments frame the recent move as a renewed market interest in scarcity-based token narratives rather than a broader statement about the sector as a whole.
Bankless co-founder David Hoffman said in a post on X that a batch of tokens he called “2017-era Bitcoin clone coins” has recently come back into focus.
He cited PRL as rising 30% this week, with a fully diluted valuation of about $4.2 billion. He also pointed to QTC, which he said is up 300% this month and carries a valuation of about $1.8 billion, with a total supply capped at 21 million tokens.
Hoffman said tokens that use a fixed supply limit of 21 million are worth watching and could reach valuations in the tens of billions of dollars.
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