I don’t get the meme ”Project X is launching a token so the VCs can get liquidity”. Yes, a token provides liquidity eventually but:

1. Most teams and investors have a lock up. So by definition airdrop recipients are getting liquidity far before the team or investors. 

2. No one is forcing you to buy the asset. If you truly believe it’s a liquidity “scam” don’t participate. And if you get an airdrop, sell immediately.

3. The straw man that “other retail will get tricked into buying it” is intellectually dishonest. For the vast majority of cases, the people who lose money trading a token are speculators who know the rules of the game. It’s 2025, not 2017.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

mostly agreed except otc deals on locked up tokens provide near-instant liq and market makers love a good carry trade.

not me, personally. i short VC tokens and dump airdrops on sight. the game’s transparent now... easy mode.

but let’s be real the MMs scoop discounted OTC allocations, short the perp, and print. then, as unlock nears, they reverse, pump it, and unload into retail “unlock FUD.” it’s not about retail getting tricked. it’s about pros playing both sides of a trade they helped construct.

Who cares about an OTC deal if it's between two institutional parties and is subject to the same lock up?