Dragonfly partner Haseeb: Even in a bull market, issuing coins still needs to go through the test of a bear market
On July 8th, Dragonfly General Partner Haseeb posted on social media that many founders try to launch tokens during bull markets, but these tokens still have to go through bear markets. Haseeb is skeptical about the long-term value of tokens affected by market cycles, suggesting that some tokens may systematically underperform due to the market cycle at the time of issuance, which is unlikely. Haseeb added that while tokens issued during bull markets may have more funds for growth, market competition is relative. If the market falls by 50%, the native token ecosystem fund will also fall by 50%, and the market share will remain relatively unchanged. Haseeb emphasized that timing of fundraising activities is indeed important, but he is discussing token generation events (TGEs), which are more similar to direct listings than fundraising activities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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