Venture Capital Profits Fuel Surge in Ethereum Prices

Major venture capital firms a16z, Master Ventures, and Defiance Capital experienced substantial profits last week, leading to speculation about potential market implications. According to Nansen data, a16z led the pack with $12.06 million in realized gains, followed by Master Ventures at $2.59 million and Defiance Capital at $942,800. These profits highlight active strategies employed by leading crypto investors, raising questions about portfolio rebalancing and its potential impact on Ethereum’s market dynamics.