David Hoffman, who co-founded Bankless, recently sold his Ethereum holdings, sparking a new discussion about the future price of ETH. In a post on X (formerly Twitter) on May 26th, Hoffman explained that he remains optimistic about Ethereum’s potential as a technology. However, he believes the idea that ETH would become a widely used currency has mostly happened already, and further significant price increases are unlikely.
Hoffman’s comments sparked new conversations within the crypto world about how Ethereum functions financially, the expansion of Layer-2 technologies, and how increased usage affects the price of ETH. While he believes Ethereum has reached a fair market value, he also pointed out that the current ecosystem seems to be benefiting app developers and rollups more than those who hold ETH.
— David Hoffman (@TrustlessState) May 26, 2026
According to Hoffman, he’s very optimistic about Ethereum’s potential, but he believes that much of its future success won’t necessarily lead to a significant increase in the price of ETH. This points to a growing worry that even as Ethereum becomes more useful, it doesn’t guarantee better profits for those who hold the token.
Ethereum’s coordination problem resurfaces
From the start, Ethereum has faced a tough challenge: growing quickly without losing its decentralized nature. It also needed to ensure its developers, scaling solutions, and community leaders were all working towards the same goals. According to Hoffman, this coordination became increasingly difficult as the crypto space became more competitive.
He explained that other blockchains were gradually attracting more users, trading activity, and revenue from transactions. Hoffman specifically mentioned Solana, BNB Chain, and TRON, noting that increased use of these networks often led to higher prices for their tokens. Consequently, he thinks Ethereum has lost its advantage in transaction fees, which is important for supporting the idea that ETH could become a widely used form of digital money.
According to Hoffman, the cryptocurrency industry’s initial surge in popularity slowed down after 2021. He believes this was due to scams, risky trading practices, and a lack of widespread public use, all of which hurt the industry’s image. As a result, Ethereum’s goal of creating a trustworthy, decentralized financial system for the internet hasn’t fully resonated with the general public.
Vitalik Buterin pushes long-term Ethereum survival
As a crypto investor, I’ve been watching the recent discussions about Ethereum’s future closely. It’s interesting to hear that Vitalik Buterin is suggesting the Ethereum Foundation take a more cautious approach. Basically, they’re shifting their focus from trying to grow rapidly to making sure Ethereum is stable and survives for the long haul. He also mentioned they plan to sell off fewer ETH in the future, which I think is a good sign – it shows confidence in the network’s potential and could help with price stability.
Here are my thoughts on the future direction of the Ethereum Foundation. Just to be clear, this is my personal opinion – I’m just one member of the board, and I don’t have any unique authority. A lot of this work is being led by @aerugoettinea.
— vitalik.eth (@VitalikButerin) May 24, 2026
Vitalik Buterin believes Ethereum should focus on being decentralized, protecting user privacy, and resisting censorship, rather than simply trying to process transactions faster. He warns that focusing only on speed could lead Ethereum to become average. Instead, he advocates for building a foundation that is secure, reliable, and technologically sophisticated for the future.
The comments came as Bankless, a crypto media company co-founded by Hoffman, was going through a difficult time. People in the crypto community reported that the company had secretly laid off most of its employees. Meanwhile, co-founder Ryan Sean Adams said this change marked the end of Bankless’ initial six years focusing on Ethereum, DeFi, and other digital assets.
Okay, let’s be clear: Bankless reportedly had major layoffs yesterday. It seems like most of the team was let go, and there wasn’t any thank you message or help offered to those affected in finding new jobs. Instead, it looks like the founders were focused on their own situations. That’s really disappointing.
— Lucas (@0x_Lucas) May 20, 2026
As of today, Ethereum was trading around $2,060, according to CoinMarketCap. Over the last week, the price has dipped about 2%, with investors reacting to comments from Hoffman and general uncertainty in the market.
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2026-05-27 09:57