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The cryptocurrency market is witnessing a trend of high FDV and low float token launches, leading to concerns about overpricing and limited upside potential for retail investors. This strategy, exemplified by SBF sam coins, is becoming common in new token launches, impacting valuations. Memecoins are gaining popularity as they sideline VCs, with some attributing their success to avoiding VC influence. The shift towards memecoins is seen as a correction to the overvaluation of venture-backed tokens in the public market. The emergence of memecoins is viewed as a response to dissatisfaction with traditional token trading dynamics and VC-driven tokenomics.
Binance Research published an article discussing Low Float & High FDV tokens, said that US$155B worth of tokens will be unlocked from 2024 to 2030, factors such as an influx of private market capital, aggressive valuations, and upbeat market sentiment have contributed to the…
Memecoins are bringing VC backed token valuations down. I don’t see how this is anything other than a huge win for crypto retail.
Why do people keep denying that it’s memecoins vs VCs? It absolutely is. Most of their investments rely on the same mindshare, same pools of capital, and the same users. There is now a black hole where VCs expected their exit liquidity to be. Their investors take them less…