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Haseeb Qureshi, Partner at Dragonfly Capital: Continuous Token Unlocks Are Eroding Market Confidence
Dragonfly Capital Managing Partner Haseeb Qureshi stated in an August 28 interview with Bankless that ongoing token unlocks are harming secondary market confidence for some tokens, with many projects facing continuous selling pressure due to multi-year unlock schedules. He noted that some strategic investors immediately sell after token unlocks, and this repeated selling behavior deters secondary market investors from entering, potentially creating the impression that token prices "only fall and never rise."
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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