In the next 6 to 12 months, there may be 50 to 200 projects with a valuation of more than $500 million to be listed on centralized exchanges (CEXs). The market is currently experiencing an oversupply of venture capital (VC) coins and insufficient buying in the secondary market. According to Folius Jason, VC coins are showing erratic behavior, with sudden 23% price increases within a 15-minute interval despite already holding significant valuations. This trend is expected to continue into the fourth quarter, as VC-heavy coins prepare for their token generation events (TGEs). The influx of VC investments into 'quality' companies is also creating new challenges in the market.