Bankless Co-founder Reports Nearly 5x Gains on Cypherpunk Technologies Stock

Bankless co-founder David Hoffman shared on X that his investment in Cypherpunk Technologies (CYPH), a company associated with the ZEC treasury, has yielded nearly 500% returns since June. Hoffman entered the position at $0.6848 on June 8, 2026, and the stock reached a 52-week high of $4.14 on September 24, closing at $4.08. Previously, Hoffman reported liquidating his ETH holdings in May and diversifying into VVV, NEAR, ZEC, HYPE, and LIT, all of which have seen gains exceeding 100%.