Bankless Co-Founder David Hoffman Sells Last of His ETH as Ryan Sean Adams Declares End of First Era

David Hoffman, co-founder of Bankless, announced on X that he has sold the remainder of his ETH holdings, citing a significant shift in crypto Twitter sentiment over the past two weeks. The move from one of the most prominent Ethereum advocates in the space carries symbolic weight beyond any single trade.

Ryan Sean Adams, his Bankless co-founder, separately declared the end of the platform's "first era" — a six-year run built around crypto, DeFi, and Ethereum education and advocacy. Adams says Bankless has now entered a "second era," in which he will take a more behind-the-scenes role, though he stated he remains personally bullish on ETH.

The divergence between the two founders — one exiting his ETH position, the other staying bullish but stepping back — lands at a moment when broader sentiment in the Ethereum ecosystem is already under pressure. For long-time followers of Bankless,…