Shiba

Shiba Inu

Coin

<ul class="news-points">
 <li>Altcoins slump: VCs not to blame, says VC</li>
 <li>Free markets hold key to price correction, report argues</li>
 <li>Geopolitical tensions a possible culprit</li>
</ul>
Haseeb, a partner at <a href="https://www.dragonfly.xyz/" target="_blank" rel="noopener noreferrer nofollow">Dragonfly Capital</a>, recently published a report titled “<a href="https://twitter.com/hosseeb/status/1792257063399403669#:~:text=%2C%20showing%20that%20the%20recent%20tranche,circulating%20supply%20on%20day%201." target="_blank" rel="noopener noreferrer nofollow">Why Are All These Low Float/High FDV Coins Down Bad?</a>” that examines the widespread downturn in altcoin markets. The report challenges several prevailing theories attempting to explain the phenomenon, ultimately arguing for the role of free market forces in correcting asset valuations.
Haseeb disputes the notion that VCs and Key Opinion Leaders (KOLs) are dumping tokens on retail investors. He points to the simultaneous price decline across all altcoins in mid-April, regardless of lockup periods for VC investments. Haseeb, himself a VC, argues that reputable firms adhere to strict lockup schedules and regulations imposed by the SEC, making widespread early selling highly unlikely.
Similarly, Haseeb pushes back against the theory that retail investors have abandoned altcoins in favor of memecoins. He highlights the misalignment between the decline in altcoin prices and the surge in memecoin popularity.
“Data on trading volume for Shiba Inu (SH…
The post <a href="https://coinedition.com/decoding-the-altcoin-crash-report-points-to-market-forces-not-vc-dumping/" rel="noopener noreferrer nofollow">Decoding the Altcoin Crash: Report Points to Market Forces, Not VC Dumping</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Decoding the Altcoin Crash: Report Points to Market Forces, Not VC Dumping

Coin Edition

Other articles published on May 20, 2024

New York AG reaches $2B settlement with Genesis ‘for defrauded victims’

Captain Tsubasa Launches NFT Football Game on Oasys Blockchain

Binance Coin Finds Support at Key Level

OKX Ventures Invest in First Bitcoin Layer 2 Solution Bitlayer

Linux Creator Linus Torvalds Slams Cryptocurrencies

SUI Price Soars 10% As Sui Network Hits Key Milestone

Join our free newsletter for daily crypto updates!