Bankless Co-founder David Hoffman Liquidates All ETH Holdings on May 21

According to BlockBeats, on May 21, David Hoffman, co-founder of Bankless and a long-term Ethereum advocate, announced liquidating all ETH holdings. Hoffman has maintained his position through two full market cycles.

Meanwhile, Tom Lee continues accumulating ETH through his fund Bitmine, targeting 5% of total supply, though his position faces an unrealized loss of $7.2 billion. Separately, trader "Machi" remains long ETH despite dozens of liquidations, currently holding $10.92 million in ETH contracts with a liquidation price of $2,077.