This week, crypto startups raised just over $18 million from venture capitalists, marking one of the leanest periods in two years amid a troubling $2 trillion wipeout in the crypto market. Despite Bitcoin plummeting 47% from its October peak and significant declines in other top assets like Ethereum and Solana, venture capitalists remain optimistic about the industry’s fundamentals. Charlie Sandor from CMT Digital noted that while valuations have adjusted downward, the strength of blockchain companies has improved, leading investors to focus on projects with real usage and revenue. Notable funding this week included $7.5 million for Bullshot, an AI-powered meme token launchpad, and $7 million for Levl, a stablecoin infrastructure provider, highlighting continued interest in innovative crypto solutions.
Venture capitalists report $18.5M funding during worst week for crypto since New Year
