David Hoffmann

You know, all the percentages of ETH that Bankless has bought over the years, I'm sure.

Okay.

Anyway, so he bought about $420 million worth of ETH last week.

Yeah, same.

In the bear market.

Same.

Same.

Yeah, so he's still doing his part and continues to stack.

I don't know where he's getting all the money, but let's talk about the sentiment shift you were saying.

Now, this is, you know, our world is kind of the crypto native world, and that's dominated still by crypto Twitter.

And so when you're talking about sentiment change, you're talking about on crypto Twitter.

And there was some of that this week.

Former skeptics, Ethereum skeptics, became bullish, became supporters.

This was a tweet that kind of encapsulated it for me.

This is...

Okay, but now what's happened?

He says, the more time that passes, the more I believe crypto natives have completely lost the plot on ETH, and it's becoming impossible to replicate the product that Ethereum has built.

He goes on and he talks about product-to-market fit for Ethereum.

He talks about network effect.

He talks about entrenchment.