Crypto▼ Bearish
Hyperliquid, ONDO Defy 93% Token Launch Failure Rate
CryptoRank data shows just 8 of 113 tokens launched since 2024 stay above TGE price. Hyperliquid leads with a 1,519% gain. ONDO, EVA, NIGHT also in the green.
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Only 8 of 113 crypto tokens launched since 2024 with a market cap above $100 million trade above their TGE price, CryptoRank data showed. The rest are trading below their initial listing value, putting the failure rate for new launches at roughly 93%.
Memento Research reported a similar stretch late last year, with 84.7% of tokens issued in that period trading below their initial listing value.
CryptoRank attributed the broad underperformance to inflated initial valuations and steady selling pressure from scheduled token unlocks. Worldcoin, down 97% from its 2024 high, stands as a prominent example of the drawdowns.