This cycle there are so many new coins and it’s even more pvp because there is no retail and most institutional flows are into $BTC When you couple that with there are a lot of legacy coins (fully vested and arguably more attractive/liquid) it makes for a difficult landscape for it all to go up. So it’s really a game of picking winners in a large sea. If all these new launches keep happening it will get worse because nothing bought up will be sustainable. Sellers will be quick to rotate or lock in. This space needs new money to support this current landscape. 3-4 months ago FDVs and vesting were lower/shorter across the board - not the case now. I actually think projects launching with no token are incredibly bullish.
On top of that this is the first time where I have seen teams of projects wield so much power over the investor base by changing terms last minute or refunding and taking back allocations for selling. Extreme levels of greed.
@crypto_iso In defense of founders though I have seen family offices / angels / VCs wanting NO vesting cliff…that is 100% unsustainable and the fastest exit possible. Teams have to use mechanisms to protect themselves. #startups #Web3Community