Bankless co-founder David Hoffman disclosed a nearly 5x return on his Cypherpunk Technologies (CYPH) stock position after the ZEC treasury company hit a new all-time high. Trading records show Hoffman entered the position on June 8, 2026, at $0.6848, with shares closing at $4.08 on September 24 for an unrealized gain of approximately 496%.
CYPH surged 13.02% on the day to reach an intraday peak of $4.14, marking a fresh 52-week high. The rally follows Hoffman’s May liquidation of ETH holdings and subsequent reallocation into VVV, NEAR, ZEC, HYPE, and LIT in June, with all five tokens recording gains exceeding 100%.
Bankless Co-Founder’s CYPH Position Up 496% as Stock Hits All-Time High
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