Bankless founder David Hoffman has responded to social media jokes that he sold all of his ETH at the local bottom. Hoffman said that interpretation is wrong, writing that the current price of ETH is still below the level at which he exited his position.
The exchange follows an earlier public post from May, when Hoffman said on X that he had fully sold out of ETH. After ETH posted a stronger price performance recently, some community members revisited that call and mocked him for supposedly selling at the worst possible time.
Hoffman rejected that framing directly. His reply was brief: people should stop saying he sold the bottom, because ETH has not yet returned to his exit price. The comment does not include the exact price level of his sale, and no additional details about the trade were disclosed in the original post cited by Odaily.
Bankless founder David Hoffman said the current price of ETH is still below the level where he sold, pushing back on community claims that he exited at the bottom.
According to Odaily, Hoffman had publicly said on X in May this year that he had fully sold all of his ETH. After ETH showed stronger price action recently, some users mocked him by saying he had sold right at the low.
Hoffman replied: "Stop saying that. ETH's price now is below my exit price."
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