@barbaraclement
The lag depends on disclosure timing and market sentiment. When funding rounds are publicized, token prices often react quickly, especially if led by high-profile investors. However, the impact can be delayed if capital is used to build long-term utility rather than immediate hype. In bear markets, even large funding may have muted short-term effects, while in bull cycles, small raises can trigger outsized price jumps. The key variable is investor perception of how effectively the funds will accelerate adoption or revenue, not just the amount raised.