Quinn Thompson, founder of crypto hedge fund Lekker Capital, advises against investing in counterfeit products at this time. He pointed to several indicators of market instability, including high leverage and non-position squaring contracts, lack of panic buying, and stagnant stablecoin supply.
He believes that the market is experiencing increasing selling pressure, especially from venture capital funds that need to raise capital, which has led to more selling than buying. This situation, coupled with low summer trading volumes, has made it difficult for counterfeit products to gain traction.
Lekker Capital founder: It is recommended not to invest in counterfeit products at this time
2024-06-16 15:24:20
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