One of Ethereum’s biggest longtime bulls has officially sold all of his remaining ETH. David Hoffman, co-founder of Bankless and one of the most influential Ethereum advocates with a YouTube audience of over 280K subscribers, confirmed that he has fully exited his ETH position. What makes this story so important isn’t just the sale itself. It’s the fact that one of Ethereum’s most recognizable media voices is now openly losing confidence in the direction of the Ethereum Foundation. Since 2025, Hoffman has repeatedly criticized the Ethereum Foundation for maintaining what he sees as an overly neutral stance, one that may be pushing developers and users away from the ecosystem. The tension peaked after the Ethereum Foundation released its new Mandate, emphasizing neutrality and stating that protecting ETH price is not part of its mission. Hoffman publicly pushed back against that philosophy. And since then, the shift has become increasingly visible: Bankless is no longer centered almost entirely around Ethereum. Instead, Solana, Hyperliquid, and other emerging ecosystems are appearing more frequently across discussions and content. This is no longer just a story about one person selling crypto. It’s becoming a broader signal that even some of Ethereum’s strongest believers are beginning to question the ecosystem’s long-term direction. In crypto, price can recover quickly. But when confidence starts to crack… That’s what truly scares the market. $ETH