A new study suggests that token launch timing barely changes how the asset performs in the long run. The report by Haseeb Qureshi, a managing partner at crypto VC firm Dragonfly Capital, analyzed every token that had its listing announced by Binance, filtering out stablecoins, wrapped assets and other non-independent tokens.
The sample covers 202 tokens in total. When the tokens were split by launch environment — 101 tokens went to market in bull markets and 33 in bear markets — the performance gap all but disappeared.
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