The cryptocurrency industry has recently fallen into a heated debate over Token sales. Ki Young Ju, the CEO of CryptoQuant, expressed his views on the behavior of a well-known person selling unlocked Tokens of a certain project, sparking widespread discussion.

Ki Young Ju believes that from the perspective of the operating rules of the Crypto Assets market and the Token unlocking mechanism, this selling behavior itself is not inappropriate. He emphasizes that the real concern should be the responsibility of the foundation behind the project.

This viewpoint is based on the general logic of the crypto assets market: the unlocking of tokens should be clearly stipulated before the project's launch. If the relevant unlocking plan has been disclosed to the market through formal channels such as white papers or announcements, and the timing and quantity of the unlocks conform to the pre-established mechanisms, then token holders trading after the unlock are actually exercising their legitimate rights, which is a completely normal behavior within market expectations.

According to reliable sources, the controversial Token sale indeed comes from the previously locked portion that has been unlocked, and both the timing and quantity of the unlock fall within the framework previously announced by the foundation, with no signs of any violations or covert operations.

Ki Young Ju further pointed out that as the rule maker and executor of the project, the foundation bears the primary responsibility for the market impact after the Token unlocking. He raised several key questions: Did the foundation fully consider the market's capacity when designing the unlocking mechanism? If the unlocked share is too large or the pace is too fast, even if the holders' selling behavior is compliant, it may still have an adverse effect on the market.

This event has sparked in-depth reflection within the industry on the design of Token unlocking mechanisms, and it highlights the challenges project teams face in balancing Token circulation with market stability. In the future, Crypto Assets projects may need to design their Token economic models more cautiously to better protect investors' interests and maintain healthy market development.