It's worth noting that quite a lot of the VCs in question had already written off their investments in 2017-2018 shitcoin ICOs.

This is why said VCs were suggesting to Coinbase last month that they list all these shitcoins that nobody even trades now, but which the VCs just happen to be holding massive bags of: https://blog.coinbase.com/coinbase-continues-to-explore-supp...