Low float and high fully diluted valuation (FDV) coins have been a hot topic in crypto this year. Yet, understanding these coins' unrealized gains is critical for truly grasping their pricing.
In this episode, Jose Macedo of Delphi Digital and Ari Paul of BlockTower Capital dive deep into metrics that help assess a coin’s true value. They discuss why upcoming token unlocks may put downward pressure on the market, how token unlocks could be better structured for long-term success, and whether VCs are extracting more value than they contribute.
Show highlights:
Why upcoming token unlock events are creating anxiety in the crypto marketThe role unrealized gains play in token price volatilityHow certain projects manipulate circulating supply metrics to influence perceptionsTips for everyday investors to uncover accurate token informationThe impact of secondary market trading on anticipated token unlock eventsWhy short-term token strategies often prevail over those focused on sustained successJose’s insights into why simple, time-based unlock models may outperform complex systemsAri’s thoughts on the SEC’s investigations into VCs and their parallels to pump-and-dump schemesWhy many crypto projects face a bearish outlook due to pending token unlocksHow the intersection of memecoins and VC involvement could shape the next market cycle
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
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Guests:
Jose Macedo, founder at Delphi Labs
Ari Paul, CIO of BlockTower Capital
Previous appearances on Unchained:Ari Paul on Why Bitcoin Is a Good Value BuyAri Paul of BlockTower Capital on the Crypto Downturn and Why It Could Change DirectionLinks
High FDV and unlocks:
Unchained:How ‘Fully Diluted Valuation’ Can Be a Very Dangerous Metric for Crypto Markets to Rely OnWho’s to Blame for the Underperformance of Low Float, High FDV Tokens?80% of Tokens on Binance Are Down Since Listing Date: SwissBorg ResearcherCobie newsletter: New launches (part 1) - private capture, phantom pricingRocknblock: Token vesting explainerCoinDesk: 'Liquid Vesting' Is Oxymoronic Blockchain Feature That Lets Early Investors Sell Without WaitingJose’s thread that inspired the episodeAri’s post responding to Jose’s threadToken.unlocks.app: Token vesting tracker
Hack VC: Potential Solutions to Crypto's Unlock ProblemColony Lab: Early-Stage Program & Liquid VestingImran Khan’s tweet on Blast https://x.com/lmrankhan/status/1806040646433522149 00:00 Intro02:46 Token unlocks creating market concerns11:06 Unrealized gains to market cap ratio impact13:06 Token supply manipulation tactics21:11 How investors can verify token projects24:21 Secondary market trading and unlock impacts35:36 Current token launch strategy persistence41:46 Short-term vs long-term project decisions47:21 Time-based vs metric-based token unlocks53:51 SEC investigations into VC practices59:56 Bearish outlook for upcoming token unlocks1:06:36 Investor risks in current cycle1:13:11 Future of VCs in crypto and memecoins
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