
92.9% of crypto tokens launched since 2024 trade below launch price. Only 8 of 113 projects with >$100M market cap remain above TGE; median return -95.7%. CryptoRank.
Nearly 93% of crypto tokens launched since 2024 now trade below their token generation event price, according to data from CryptoRank.
The analysis covered 113 projects with market capitalizations exceeding $100 million. Only eight of them remain above the TGE price. The median return was negative 95.7%.
Hyperliquid's HYPE token was the top performer, up 1,519% from its launch price. Ondo Finance's ONDO gained 101.4%. EverValue Coin added 20.32% and Midnight Network rose 16.50%.
CryptoRank said the data shows a shift in how investors treat new token launches. Capital has concentrated around a small number of projects with product adoption and strong demand. Most new tokens fail to hold their initial valuations.
Investors now pay more attention to tokenomics and circulating supply. Unlock schedules also draw scrutiny. High fully diluted valuations and large future token unlocks weigh on prices as additional supply hits the market.
Projects may respond by prioritizing sustainable distribution and long-term ecosystem growth over aggressive launch pricing, according to CryptoRank.
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