Degen

Mike Dudas is going ham on some VCs that buy tokens and dump, and I’m here for it. I get it, VCs aren’t charities, but if you invested in a token, you had a thesis, right? That implies long-term support, not instant flips. Either ride it to the moon or go down with the ship. Again, not an expert here but that’s my gut feeling.

@MikeSilagadze Bro what is wrong with selling once your token is unlocked? Goal for any investor is massive roi right? Or they doing charity?

if you sell every token at every unlock (or prior with “locked staking”, you’re telling the market that you don’t believe in the long term upside of the project / protocol

the best vc’s know how to help create long term value for their lp’s *and* portcos, and it’s not instadump

Mike Dudas

Mike Dudas is going ham on some VCs that buy tokens and dump, and I’m here for it. I get it, VCs aren’t charities, but if you invested in a token, you had a thesis, right? That implies long-term support, not instant flips. Either ride it to the moon or go down with the ship. Again, not an expert here but that’s my gut feeling.

https://x.com/mdudas/status/1941869617061716474?s=46

Idk I think it's a mixed bag. VCs are not charities and if founders want to not sell to VCs they are free to bootstrap. He does make a great point that if the token is rekt 80% down plus and VCs can still sell and 10x their roi, its an awful look.

My short answer is there does need to be better transparency in these deals but the state of the art means private deals are private deals.