The pervasive influence of venture capitalists (VCs) on newly-launched cryptocurrencies is considered detrimental to their long-term sustainability and market performance, despite the initial liquidity they bring. According to a popular crypto analyst known as Route 2 FI, in an April 22 Substack post, he criticized the role of VCs and the process of permissionless token listing: “Permissionless token listing and money-hungry VCs are bad for the individual token long term. Every year 100 new tokens launch. “Diluting existing ones. It’s now April 2024, and inflows into altcoins seem way more selective and not enough to offset big unlocks.” He further