EN 
VI Pantera Capital, one of the oldest investment firms in the industry cryptocurrency, confirmed loss of about 80% value from the investment fund crypto in 2022, with which the fund will begin to restructure its portfolio and focus on altcoin.
Investment funds "Liquid Pantera Capital’s Token Fund” has lost 80% of its value in 2022, with nearly 23% of losses recorded in November alone following the exchange’s collapse. FTX. Previously, the platform's "Early-stage Token Fund" also recorded a loss of 71% in value last year.
Liquid Token Fund is a strategic fund that invests in 15-25 tokens focusing on the DeFi and adjacent properties. The fund manages $198 million in assets and 13 tokens in its portfolio.
According to media reports, the 3 fund holdings that had the most impact in the November period included ATOM, LINK and OP. While UNI, SOL, ETH The minimum damage is recorded. This is because the fund "quickly sold" the above tokens as soon as the news FTX explode, which exits SOL at 20 USD before the coin fell to 10 USD.
Elsewhere, Pantera Capital said the fund has begun to redirect most of its portfolio back to altcoins after a long period of "hiding" with BTC and ETH since last spring, the timing of the chain crisis started with the crash LUNA-UST, to the lending platform Celsius bankrupt.
The move comes as the crypto industry saw a rally in January 2023 after a severe decline last year. The evidence is that the Bloomberg Galaxy Crypto Index fund, although it has fallen by 72% in 2022, has quickly recovered to increase by nearly 40% since the beginning of this year, Pantera said.
Joey Krug, co-chief investment officer at Pantera, said:
“I think we are just getting started now, recently the fund has returned with some altcoins that we think will outperform. ETH in the next cycle.”
In our January Blockchain Letter, we discuss key takeaways from 2022 and our outlook on the year ahead in crypto.
January 23, 2023
Check it out here: https://t.co/4DM63wiKoV pic.twitter.com/rY8CYUQj1F
