[Bankless Founder Talks About Selling All ETH: Still Optimistic About the Ethereum Network, But It's Hard for ETH to Be Repriced by the Market] Odaily Planet Daily News – Bankless founder David Hoffman explained his reasons for selling all his ETH in a post on X. Hoffman wrote: 'I remain extremely optimistic about the Ethereum network and the entire ecosystem — Ethereum's architectural design inherently maximizes the success probabilities of its applications, L2s, and ecosystem. The "fat-app" theory suggests that applications on Ethereum can capture the vast majority of transaction fee revenue; meanwhile, the "Rollup-centric" roadmap implies that L2s can achieve profit margins as high as 97%. However, when it comes to ETH as an asset itself, I find it increasingly difficult to see how it could be structurally repriced (rerated) by the market — whether upward or downward. So, my decision to sell ETH is not because I am bearish on ETH, but because I believe the narrative of "ETH is Money" has largely played out. I want to allocate my funds to other opportunities in the market that I currently see.'