According to PANews, tokens characterized by high FDV (Fully Diluted Valuation) and low circulation, often referred to as 'VC tokens', have become a risky label in secondary markets. On June 24, hitesh.eth, the co-founder of data analysis platform DYθR, posted a set of data highlighting the ten most typical 'VC tokens' currently on the market. The data revealed that despite the market's continuous decline, major VCs still have tens or even nearly a hundred times the floating profits on these tokens. Hitesh.eth specifically marked the unlocking time of these tokens' capital shares to help monitor potential unlocking selling pressure.
It is important to note a few points about the data. Firstly, the most recent update from DYθR was yesterday afternoon, coinciding with a significant market drop. This means the data may be slightly delayed, but it does not affect the overall results. Secondly, considering that individual projects will have different valuations at different financing rounds (the earlier, the cheaper), DYθR used the algorithm 'current FDV / average valuation of different financing rounds' to calculate the VC floating profit ratio. Therefore, the final ratio number will vary slightly from different rounds, but it can generally represent the overall floating profit situation of the VC on the project.
Lastly, DYθR has compiled data for 28 projects. However, due to space and project popularity considerations, this article will only cover the top 10 projects with the highest floating profit ratios. Interested readers can refer to DYθR for more information.
