Bankless founder's altcoin rotation significantly outperforms ETH, with ZEC, LIT, and VVV hitting new highs repeatedly.

BlockBeats News, September 9 — Bankless co-founder David Hoffman announced on May 21 that he had fully exited ETH, subsequently buying VVV, NEAR, ZEC, HYPE, and LIT, disclosing entry prices: "NEAR around $1.40, HYPE around $45, ZEC around $560, and LIT around $1.35."

As of now, the performance of Hoffman's allocated assets is as follows: LIT up 288%, ZEC up 121%, HYPE up 55%, VVV up 55%, and NEAR up 33%; over the same period, ETH has gained only about 17%. This "sell ETH, rotate into other crypto assets" move executed in May has so far delivered returns significantly outperforming ETH, with LIT standing out as the top gainer.