93% of Post-2024 Tokens Can't Even Hold Their Launch Price — Median? -95.7% 💀

Nearly 93% of crypto tokens launched since 2024 are trading below their token generation event (TGE) price, according to new data from CryptoRank, underscoring the difficulties new projects face in sustaining their initial valuations. The analysis found that only 8 of 113 crypto projects with market capitalizations above $100 million remain above their TGE price, while the other 105 have slipped into negative territory.

CryptoRank's research, which examined tokens launched between 2024 and 2026 with market capitalizations exceeding $100 million, shows that just 7.1% of major token launches remain profitable, with the remaining 92.9% declining below their initial price. The median return across the dataset stood at -95.7%, illustrating the scale of the drawdowns experienced by many recent launches.

Among the strongest performers, Hyperliquid ($HYPE) led the field with a gain of 1,519% from its TGE price. It was followed by Ondo Finance ($ONDO) at 101.4%, EverValue Coin ($EVA) at 20.32%, and Midnight Network ($NIGHT) at 16.50%. The figures suggest investors have become far more selective than during previous market cycles, when many newly listed tokens posted sustained post-launch rallies. Capital has instead concentrated around a smaller group of projects that have demonstrated product adoption, ecosystem growth, or strong market demand.

The data also reflects a broader shift in recent years, with investors paying closer attention to tokenomics, circulating supply, unlock schedules, and long-term utility rather than launch-day momentum. Many newly launched tokens have struggled to maintain their initial valuations amid heightened scrutiny over high fully diluted valuations (FDVs), limited circulating supply at launch, and large future token unlocks that can place downward pressure on prices as additional supply enters the market. Developers and investors may increasingly emphasize sustainable token distribution models and long-term ecosystem growth over aggressive initial valuations.

The CryptoRank findings cover only tokens with market capitalizations above $100 million, a filter designed to focus on projects with established liquidity rather than micro-cap launches.