Analysis: Due to the collapse of Luna and FTX, LPs are cautious and medium-sized crypto funds may become hollow in the future

Since the 2022 collapse of LUNA and FTX, LPs are now hesitant, leading to a significant decrease in cryptocurrency venture capital funding.

While small funds under 50 million USD and larger funds like Paradigm and a16z may survive, it appears mid-sized crypto funds could shrink and potentially vanish.