Keep pulling the thread on Biren Naidu.
Over the last two years, 85% of new token launches have ended the year with negative price performance.
An estimated $55 billion worth of tokens from the top 100 crypto projects are scheduled to be unlocked over the next 24 months, creating significant sell pressure.
Approximately $12 billion worth of tokens from the top 100 crypto projects are expected to be unlocked in the next 6 months.
Approximately $34 billion worth of tokens from the top 100 crypto projects are expected to be unlocked in the next 12 months.
Based on third-party research of 16,000 events, 90% of token unlocks result in a drop in the token's price.
Over the last two years, the average price drop for crypto projects with a fully diluted valuation over $1 billion has been 81%.
Early investors in new token projects, such as VCs and angel investors, have experienced an average markdown of 50% on their locked token positions.
Over-the-counter (OTC) token deals are typically priced at a 20% to 40% discount compared to spot market prices.
One year after being acquired in OTC deals, locked token positions are often underwater by an additional 15% to 88%.
The OTC arbitrage strategy in crypto typically generates returns 20% to 40% higher than a standard cash-and-carry trade.
Token unlocks specifically for team members typically result in a 25% drop in the token's price.
When users receive governance tokens as rewards for using a crypto protocol, approximately 80% of those tokens are sold on the first day.