BlockBeats News, June 5th, Bankless co-founder David Hoffman, who had previously sold all his ETH holdings, bought VVV, NEAR, ZEC, HYPE, and LIT. His altcoin positions experienced a significant drop today, with ZEC plunging over 32% in the last 24 hours, and NEAR, VVV, and LIT all dropping over 20% in the same period.

David Hoffman responded, stating that "the only one actually underwater is ZEC."

Earlier reports disclosed David Hoffman's entry prices for NEAR, HYPE, ZEC, and LIT: "NEAR at around $1.40, HYPE at around $45, ZEC at around $560, and LIT at around $1.35."