The vast majority of major cryptocurrencies launched since 2024 are now worth less than their initial token generation event (TGE) price, highlighting the challenges new projects face in maintaining long term value.
According to research by analytics platform CryptoRank, just 8 out of 113 crypto projects with a market capitalisation exceeding $100 million are currently trading above their launch price. The remaining 105 tokens have fallen below their debut valuations, leaving the group with a median return of negative 95.7%.
The analysis focused exclusively on projects valued at more than $100 million as of 21 July.
Only a Handful of Winners
Among the few projects that have delivered positive returns, Hyperliquid’s HYPE emerged as the clear standout. At the time of the study, the token had surged approximately 1,519% above its launch price.
ONDO ranked second with gains of 101.4%, while EverValue Coin (EVA) and Midnight Network (NIGHT) recorded more modest increases of 20.3% and 16.5%, respectively.
Even within the small group of profitable tokens, exceptional performance was rare. Aside from HYPE and ONDO, most projects posted relatively limited gains, underscoring how difficult it has been for newly launched cryptocurrencies to generate sustained investor returns.
HYPE also recently gained additional recognition after being included in the new S&P Pantera Digital Asset Index, a benchmark that notably excludes several prominent cryptocurrencies, including Bitcoin.
Why Have So Many Tokens Lost Value?
CryptoRank attributed the widespread declines to several factors, including persistent investor sell offs, limited market liquidity, and ongoing regulatory uncertainty.
Beyond those structural challenges, the crypto market has also experienced a series of major setbacks over the past two years, including security breaches, protocol exploits, and project failures that have further weakened confidence in newly launched tokens.
The study covered projects from a broad range of sectors, including decentralised finance, blockchain infrastructure, gaming, and other digital asset categories.
A Tough Environment for New Projects
The findings illustrate just how difficult it has become for new cryptocurrencies to preserve their initial valuations after launch.
While the broader digital asset market has shown signs of recovery, helped by stronger Bitcoin prices, increased ETF inflows, and softer US inflation data, most recently launched tokens have yet to participate meaningfully in that rebound.
The research suggests that although new crypto projects continue to enter the market, only a small minority have managed to reward early investors, with the overwhelming majority still trading below their original launch prices.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
