Managerial market timing refers to project insiders, particularly founding team members, making token transactions based on their perception of the protocol’s token price movements. For instance, if insiders believe their protocol’s token is undervalued and set to rise, they might increase their holdings. On the other hand, if they anticipate a decline in the token’s price, they might decrease their holdings. As digital asset token markets continue to be shrouded in regulatory uncertainty, investors need to be aware of the actions of the protocol’s founding team, especially if it seems to be in conflict or misaligned with the project’s whitepaper or long-term road map.