Bankless Co-Founder Reveals New Crypto Portfolio After Ethereum Sale
David Hoffman said he sold ETH and rotated the proceeds into a new portfolio split across VVV, NEAR, ZEC, HYPE, and LIT. He initially put about half into VVV, NEAR, ZEC, and HYPE, then used the remaining capital to finish buying LIT. Hoffman framed the move as a shift in thesis, not just short-term trading. He argued LIT/Lighter is attractive because it is specialized for perpetuals, offers more markets, avoids KYC, and uses zkLighter so users can audit order matching, funding, risk checks, and liquidations onchain. He said that transparency reduces the risk of hidden counterparties like in FTX-style failures. He also highlighted low latency, strong fees, and U.S. domicile, and called LIT both beta and alpha to HYPE due to faster buybacks and a stronger product.
