Wu Blockchain (@WuBlockchain): Haseeb Qureshi: Ongoing Unlocks Are Eroding Confidence in Token Markets
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Haseeb Qureshi: Ongoing Unlocks Are Eroding Confidence in Token Markets Dragonfly Capital Managing Partner Haseeb Qureshi @hosseeb said in an August 28 interview with @Bankless that ongoing token unlocks are hurting secondary-market confidence in some tokens, with many projects facing persistent sell pressure from multi-year unlock schedules. He said some strategic investors "dump their tokens the moment they get them," selling each batch as it unlocks throughout a four-year vesting period. This repeated selling discourages secondary-market investors from stepping in and can create the perception that a token is destined to trade "down only."