According to TechFlow, on December 11, Framework Ventures co-founder Vance Spencer revealed that several major venture capital firms have either fully sold or significantly reduced their Sky token holdings after the token's lock-up period ended. Spencer disclosed that Paradigm (7%), a16z (6%), Bain Capital (2-4%), and Syncracy (about 1%) have completely sold their positions, while Dragonfly (4-5%) and Parafi (3-4%) have sold most of theirs. Spencer noted that Framework Ventures is the only VC still holding a large amount of Sky tokens.
Framework Ventures Remains Sole Major VC Holding Sky Tokens After Others Sell
TechFlowShare
Summary
Framework Ventures remains the only major VC still holding significant Sky tokens after others sold. On December 11, co-founder Vance Spencer said Paradigm (7%), a16z (6%), and others fully exited. Dragonfly and Parafi sold most of their stakes. With capital protection in focus, Framework’s position may offer support and resistance for Sky’s price action.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.