VC sells tokens such as TIA, SEI and WLD at a discount of more than 50% off the market

Steven, investment partner of Amber Group, quoted a table produced by the transaction data of the over-the-counter trading platform OFX, which shows that early investors in tokens such as SEI, ACX, PORTAL, WLD and TIA all sold their token shares over-the-counter at a discount of more than 50% (these Since the token has not yet been unlocked, it can only be traded through OTC).

It is worth mentioning that although LayerZero has not yet issued coins, the price of over-the-counter transactions is already lower than the latest round of financing.

Steven said:

"Although it looks like it's coordinated (the high valuations and big discounts shown in the chart seem to be some kind of agreement behind the scenes to operate the market this way), I think this is mainly due to low liquidity. It is a combination of mass issuance, speculative buyers and venture investors eager to cash out, but there are indeed some specific small groups operating in it.”

while it may look coordinated, i think its mostly emergent behavior from a combination of low float launches, speculative buyers, and fast-money VCs eager to cash in on the quick winalthough there are definitely some cabal names

— Steven (@stevenshi_) May 31, 2024

This article VC sells tokens such as TIA, SEI and WLD at a discount of more than 50% off the market first appeared on Zombit.