🚀 Dragonfly Capital is making waves in the crypto world by raising $500M for its fourth investment fund, focusing on early-stage blockchain projects! 🌐

- Already secured $250M, aiming to close by Q1 2025.

- Known for backing over 100 companies, including Ethena (USDE), Cosmos (ATOM), and Monad Labs.

- Recent moves: Supporting Agora’s stablecoin AUSD on the Sui blockchain to attract institutional users.

Dragonfly's Haseeb Qureshi recently addressed market sentiment and token price declines, attributing them to broader downturns and geopolitical tensions.

💬 What are your thoughts on Dragonfly's strategy? Share below!