DeFi researcher Ignas said in a post on X that Bankless co-founder David Hoffman shifted his portfolio after selling ETH, moving into several tokens that later became some of the best performers. According to Ignas, LIT and ZEC posted the biggest gains among the names involved, while NEAR also performed well. VVV was the only token in the group that lagged the broader market. Ignas added that the move came at a time when the market was filled with fear and when ETH was close to its bottom, but said the goal for aggressive crypto investors is still to outperform BTC and ETH. Earlier reports said Hoffman announced in June this year that he had fully exited ETH and bought VVV, NEAR, ZEC, HYPE and LIT.
DeFi researcher Ignas said in a post on X that Bankless co-founder David Hoffman rotated his portfolio after selling ETH and moved into several of the strongest-performing tokens, including LIT and ZEC. NEAR also turned in solid performance, while VVV was the only name that underperformed the broader market.
Ignas said the shift happened when market sentiment was dominated by fear and at a point close to ETH's bottom. Even so, he wrote that the target for aggressive crypto investors is to outperform BTC and ETH.
Earlier reports said David Hoffman, co-founder of Bankless, announced in June this year that he had fully sold his ETH holdings and bought VVV, NEAR, ZEC, HYPE and LIT.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
