PANews reported on May 21 that David Hoffman, co-founder of Bankless, announced on the X platform that he has liquidated all his ETH holdings. Additionally, Ryan Sean Adams, co-founder of Bankless, stated, "Still bullish on ETH, and still bullish on Bankless. Bankless is entering its second era, and I plan to step back more. I will still be doing a weekly podcast, but I will play a less leading role in content direction and guest interviews. David will be fully in charge."