Can crypto treasuries end the VC dump cycle? – Ethena founder explains…

Key Disruption

Ethna Young type hopping crypto as the solution to VC’s supply and a growth driver for the generation of the rearing gear. But you’re still risking.

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Eden [ENA] LAbs FOUNDER, Guy Young, defended encrypting treasures such as the best shot of capital bital (vc) token without oats.

Young admits that too hi had the challenge of VC Sel-off because of the limited liquidity in the crypto sector.

But the law of traditional markets could offer a relief from the surface’s superpacity, young notified. I am

“Would you like a solution to the Overfish VC Unlocks? Well, this, crypto’s trash).

Crypto’s treasures: a solution or risk?

VC unlock that happens when backers backers and discard their holds on the sales market to recover their investment.

Unfortunately, in most cases, Supply Overhang from VC always tracks the lowest price, leaving the retail with loss.

The seller is also worse during periods of the negative market feeling of the market.

For example, Celestia [TIA] The price has cleared more than 90% of the VC of the VC of the VC of Polisain vc dumping It is worth millions from the striking and unlocked rewards. Now, a new dictate wants to buy the polichin’s tia.

The shoe on the detail came so infamosa that CRYPTO Twitter (CT) VC projects, ‘vc tokens, and has lographed to memThers the brothing the supercessecu’ Plord

Real revenue vs “vapourware”

However, young recognized that most of the altcoins are “shitcoins” and “vapourware,” and offer them via an etf (exchanged background) will not change anything.

In contrast, young she said That tradfs has to enjoy crypto projects with entry as the ehna.

“But he think that is a development of vulrissively hiring for a small handle where trades can undertres a real dry growth benefit.”

In 2025, many legities of legity has hugged Treasuries cripes and gone beyond Bitcoin [BTC] and it Ether [ETH]. I am

Most were taken from the windshield by Strategy (First Microprangeg) successful BTC BTC.

The results? Business stock prices spilled more than underlying encryption assets. In a manner, it was a cryptu treasure rather than a altcoin season.

But there is more than just dislocation in price appreciation.

Bullish … with the warning label

The critics have Notice May the excess debt from treasure companies to buy more btc and the altcoins could present a liquidation risk all of the sector and trafficker are falling.

For the perspective, strategy has the largest debit profile of $ 8b, while Metaplanet only must $ 116 million.

But the search for the Alexy’s Galaxy search downplayed Debt concern as “overblow,” saying that most more than start to mature by 2028.

Generally, crypto treasures have proposed liquidity required in the market to the drawings of hats. But his debit lever is stuck a risk concern.