#代币资产发行与投资 New funds are once again positioning themselves in the token sector. Former Movement Labs co-founder Rushi Manche has launched Nyx Group, planning to invest $100 million into liquidity markets and also provide operational support to token project founders.

There’s nothing fundamentally wrong with this approach; such tactics are common in the crypto world. But I have to say, Manche’s background is quite interesting—he was directly kicked out of Movement Labs because he participated in the market-making arrangement for the MOVE token (5% supply, 66 million tokens). Now he’s venturing out alone to support token projects again. I wonder if it’s “learning from experience” or “this is just how I play.”

While $100 million isn’t particularly large in the crypto space, if there are teams willing to follow, it indicates that the market still has demand for this type of liquidity fund. The key is to watch how they operate moving forward—whether they maintain transparency and if they will spark further disputes over token distribution. That’s what’s worth paying attention to.

Anyway, these funds keep popping up one after another. Token fundraising, project incubation, and market-making support have become standard procedures. It’s entertaining to watch, but you still need to figure out the ins and outs yourself.