2025-12-11 03:33:52

Framework Ventures co-founder Vance Spencer recently revealed an interesting phenomenon—after the Sky token unlock, most of the early institutional investors have basically run away.

Specifically: Paradigm originally held 7%, a16z held 6%, Bain accounted for 2-4%, Syncracy had 1%, and now all of these are completely cleared out, none left. Dragonfly and Parafi still hold some, but only a small fraction—Dragonfly's 4-5% position is mostly sold off, and Parafi's 3-4% is also roughly at the bottom.

Vance mentioned that, based on the information he has, on the Framework side… (further details not fully disclosed)

This move seems to reveal some insights; after all, once the lock-up period ends, honest financial decisions tend to be more truthful than PPT presentations.

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gas_fee_trauma

· 2025-12-12 20:12

Oh wow, Paradigm just completely bailed out, this is crazy. Once the lock-up period is over, there's really no way to keep anyone.

The money from the angel round disappeared so quickly, which suggests that the story about Sky might have been a bit exaggerated at the beginning.

What is Framework thinking? Do they truly believe or are they just squeezing toothpaste? This information needs to be clarified.

The signal of large institutions withdrawing, retail investors need to think it over.

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OnChainSleuth

· 2025-12-11 04:03

Large institutions cutting losses and fleeing, it really shows that the Sky incident is quite suspicious.

Top-tier VCs like paradigm and a16z have all liquidated their positions, this signal is too obvious.

Once the lock-up period is over, they all sell off, actions speak much louder than promises.

Wait, what about Framework itself? It seems Vance's words weren't finished...

Institutions are fleeing wildly, only the brave can hold on during this round, haha.

Oh my god, paradigm 7%, a16z 6%, all sold out. I just want to ask, what exactly happened with Sky?

This is the real truth of Web3; big players always run before we do.

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MiningDisasterSurvivor

· 2025-12-11 04:01

Another Ponzi scheme bottom signal. Big institutions have all run away this time, which says everything.

I've long said that the lock-up period is the true test. No matter how good the PPT presentation, it's all useless.

Paradigm, a16z, and other smart money firms didn't stay at all. We're still here catching the bag.

I've seen this play out since 2018; project teams are always the last to run.

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ChainChef

· 2025-12-11 03:47

lol paradigm and a16z just yeeted their entire sky bags the moment unlock hit... honestly that's the recipe for "we believed in the vision" turning into "we believed in the exit" real quick. when the biggest names are seasoning their portfolios by dumping everything, you know the market appetite just ain't there anymore. framework staying quiet about their own holdings is suspicious af tho ngl

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