Bankless founder discusses liquidating ETH holdings: Still optimistic about the Ethereum network, but ETH is unlikely to be repriced by the market.

On May 27th, CoinFeed reported that David Hoffman, founder of Bankless, explained his reasons for liquidating his ETH holdings in an article on the X platform. Hoffman wrote that he remains extremely optimistic about the Ethereum network and the entire ecosystem, as Ethereum's architecture was designed to maximize the success probability of its applications, L2, and ecosystem. The "fat application" theory means that applications on Ethereum can capture the vast majority of transaction fee revenue, while the "rollup-centric" roadmap means that L2 can achieve a profit margin of up to 97%. However, regarding ETH itself, Hoffman increasingly finds it difficult to see a structural repricing by the market, whether upward or downward.