Some Crypto Teams Hold Token Allocations Worth 2–3x Their VC Raises What does this say about long-term incentives — and the risks ahead? Here’s what the data shows 👇🏻 Fundraised : Team Allocation (in multiples) • MORPHO: 69.35M : 173M (2.5x)  • ZR: 263M : 612M (2.3x)  • EIGEN: 164.4M : 340M (2.1x)  • ZK: 458M : 161M (0.35x)  • GUN: 101M : 90.9M (0.9x)  • SCR: 80M : 51.43M (0.64x)  • TAIKO: 41M : 112M (2.7x)  • USUAL: 18.5M : 22M (1.2x)  • NIL: 45M : 68M (1.5x)  • WCT: 45.75M : 81.8M (1.8x)