Bankless co-founder David Hoffman said on May 21 that he had fully exited ETH and rotated into VVV, NEAR, ZEC, HYPE, and LIT. He also disclosed entry levels for several of the positions, including roughly $1.40 for NEAR, $45 for HYPE, $560 for ZEC, and $1.35 for LIT. Based on the latest figures cited by BlockBeats, every asset in that basket has outperformed ETH since the switch. LIT posted the largest gain at 288%, followed by ZEC at 121%. HYPE and VVV were both up 55%, while NEAR rose 33%. Over the same period, ETH gained about 17%. The trade, completed in May and framed as a move out of ETH into other crypto assets, is now showing returns that are clearly ahead of ETH overall.
BlockBeats reported on Sept. 9 that Bankless co-founder David Hoffman said on May 21 that he had fully exited ETH and then bought VVV, NEAR, ZEC, HYPE, and LIT.
Hoffman also disclosed entry prices for several of those positions: about $1.40 for NEAR, about $45 for HYPE, about $560 for ZEC, and about $1.35 for LIT.
Performance since the rotation
As of the latest update, the assets in Hoffman’s allocation had recorded the following gains: LIT up 288%, ZEC up 121%, HYPE up 55%, VVV up 55%, and NEAR up 33%. Over the same period, ETH was up only about 17%.
Based on the figures provided, the May trade of selling ETH and rotating into other crypto assets has so far delivered returns that are clearly higher than ETH overall, with LIT standing out as the strongest performer.
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