Nearly 93% of crypto tokens launched since 2024 are now trading below their Token Generation Event (TGE) price, with only 8 out of 113 major projects maintaining profitability. Data from CryptoRank reveals a median return of -95.7% across the sample, highlighting severe drawdowns. Hyperliquid (HYPE) led gainers with a 1,519% increase, followed by Ondo Finance (ONDO) at 101.4%. The findings suggest investors have become increasingly selective, focusing on tokenomics and long-term utility rather than launch-day momentum. This trend may push future projects toward sustainable distribution models and away from high fully diluted valuations.
New data from CryptoRank shows that 92.9% of crypto tokens launched since 2024 with market capitalizations above $100 million are now trading below their initial launch price. Of 113 projects examined, only 8 remain in positive territory.
The median return across the dataset stood at -95.7%, illustrating the depth of losses for recent token launches. Only 7.1% of major token launches have remained profitable.
Hyperliquid [HYPE] performed best with a gain of 1,519% from its TGE price, followed by Ondo Finance [ONDO] at 101.4%. EverValue Coin [EVA] and Midnight Network [NIGHT] posted gains of 20.32% and 16.50%, respectively.
The findings indicate investors have become far more selective than in previous market cycles. Capital has concentrated around a smaller group of projects with demonstrated product adoption and ecosystem growth.
Many newly launched tokens have struggled to maintain their initial valuations. Investors are now paying closer attention to tokenomics, circulating supply, unlock schedules, and long-term utility.
The data may influence how future projects approach token launches. Projects face increased scrutiny over high fully diluted valuations and large future token unlocks, which can place downward pressure on prices as supply enters the market.
Developers and investors may place greater emphasis on sustainable token distribution models. Long-term ecosystem growth appears to be taking priority over aggressive initial valuations.
