Analysis: Lock-up token holders suffered huge losses in the past year

Taran, founder of OTC secondary market platform STIX, wrote that holders of hedged tokens have suffered huge losses over the past 12 months. The average retracement from over the counter valuation at that time to the current spot price is about 50%. This means that, on average, holders had the opportunity to exit their hedged positions last year at twice the current spot price.