[Dragonfly Partner: No Significant Difference in Token Issuance Between Bull and Bear Markets, SOL is the Best Example] BlockBeats News, February 15, Dragonfly partner Haseeb wrote that every cryptocurrency founder believes they need to launch their token during a bull market. But they are wrong—timing the issuance is not important. Haseeb analyzed Binance token listing data and concluded that the annualized ROI of tokens launched in bull and bear markets shows no significant difference, and the so-called 'difference' is just noise. Haseeb suggested that projects issue tokens during a bear market: the advantages of launching tokens in a bear market include less competition for talent, lower costs for service providers, and less competition for listings on CEXs. On the other hand, if projects conduct token sales simultaneously, they may see greater demand during a bull market. However, overall, the impact of these factors may not be significant. The most important thing is to launch the product as soon as possible and create something truly valuable. 'The example I often give to entrepreneurs is that Solana launched just four days after Bitcoin's price plummeted to $4,000 during the COVID-19 crash in 2020. The timing of the launch isn't that important—what matters is launching.'