最新报道:The gap between retail investors and crypto whales remains stark, with VC funds often acquiring tokens at far lower pre-listing prices. Liquid funds like CoinFund and Pantera Capital now actively trade public tokens, employing sophisticated strategies. CoinFund's Seth Ginns emphasized their focus on fundamentally-driven opportunities with large addressable markets, while Pantera's Cosmo Jiang highlighted token selection as key to outperforming Bitcoin. Both funds hold 10-20 tokens, leveraging spot trading and derivatives (where possible) while prioritizing deep research, developer engagement, and technological trends. Ginns noted recent positive shifts in fundamentals reflecting in valuations beyond just US policy changes.