TechFlow reports, Dragonfly Managing Partner Haseeb said that many founders try to launch tokens during bull markets, but those tokens still ultimately have to go through bear markets. He is skeptical about the impact of market cycles on a token's long-term value, suggesting it's unlikely that certain tokens would systematically underperform simply due to the market cycle at their time of issuance.
In response to user questions about whether launching a token in a bull market helps its long-term value, Haseeb noted that while tokens launched during bull markets might raise more capital for growth, competition is relative. If the market drops 50%, native token ecosystem funds would also decline by 50%, leaving relative market share largely unchanged.
Haseeb emphasized that timing of fundraising activities does matter, but he was specifically discussing token generation events (TGEs), which are more akin to direct listings rather than fundraising rounds.
