PANews reported on December 11 that Vance Spencer, co-founder of Framework Ventures, stated on the X platform that with the removal of lock-up restrictions on Sky tokens, Framework is currently the only VC still holding a large amount of Sky tokens, while most institutions have liquidated or significantly reduced their holdings: Paradigm (formerly holding approximately 7%), a16z (formerly holding approximately 6%), Bain (formerly holding approximately 2-4%), and Syncracy (formerly holding approximately 1%) have sold all of their holdings, while Dragonfly (formerly holding approximately 4-5%) and Parafi (formerly holding approximately 3-4%) have sold most of their holdings.