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Framework co-founders: Paradigm, a16z and other VCs have fully exited SKY, and we are the only ones still heavily invested

Dec 11, 2025 11:25:55

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Framework Ventures co-founder Vance Spencer posted on X platform, stating that some people are asking which VCs still hold Sky tokens (given that there are no lock-up restrictions). The answer is as follows.

Institutions that have sold all their holdings: Paradigm (previously held about 7%); a16z (previously held about 6%); Bain (previously held about 2-4%); Syncracy (previously held about 1%); institutions that have sold most of their holdings: Dragonfly (currently holds about 4-5%); Parafi (currently holds about 3-4%); Vance Spencer added that, to his knowledge, Framework is currently the only VC that still holds a significant amount of Sky tokens.

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