CryptoRank data (July 21) shows just 8 of 113 tokens launched since 2024 with current market caps above $100 million trade above their TGE price, leaving a median return of -95.7% for the $100M cohort and reflecting broad market stress (top 100 assets fell 82.1% in June) driven by inflated token launch valuations and scheduled token unlocks that added unwanted supply. A handful of survivors — led by Hyperliquid (HYPE +1,519%, trading near $61.52 with a $13.7 billion market cap) and Ondo (ONDO +101.4% since launch but 81% below its Dec 2024 peak) — show that fee-generating business models, buybacks or hard-asset backing improve adoption and token performance, while most fundraising-driven DeFi and token launches have materially underperformed.

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In Brief

Just 8 of 113 major tokens launched since 2024 still trade above TGE price.
CryptoRank data shows a median return of -95.7% across the $100 million cohort.
Hyperliquid leads survivors with 1,519%, ahead of Ondo, EverValue, and Midnight.

Almost every big altcoin launched since 2024 has lost money for launch-day buyers. CryptoRank data from July 21 shows just 8 of 113 still trade above their token generation event (TGE) price.

The count covers only tokens with market caps above $100 million today. Even in that select group, the median return since launch stands at -95.7%.

CryptoRank chart showing only 8 of 113 altcoins launched since 2024 above TGE price, Source: CryptoRank via Wu Blockchain

Why Most Altcoins Launched Since 2024 Fell Below TGE Price

The report builds on a warning from December. Back then, research firm Memento Research found 84.7% of 2025 launches, 100 of 118 tokens, below their listing price. Median project valuations in that analysis had collapsed 71% from launch.

The market has not helped since. CryptoRank’s second-quarter recap shows 82.1% of the top 100 assets fell in June. Every major token category it tracks also posted median losses.

The numbers hide an even darker picture. The list counts only tokens still worth over $100 million. Thousands of smaller launches failed and never made the cut.

So why do new tokens keep sinking? Two reasons stand out. Many launched at inflated prices, and scheduled token unlocks then kept adding supply that buyers did not want.

Worldcoin (WLD) shows how far the fall can go. One of 2024’s most hyped launches now sits down 97% from peak, even with a Grayscale ETF filing pending.

Worldcoin (WLD) Price Performance. Source: BeInCrypto

Hyperliquid Leads the Few Survivors Still in Profit

Hyperliquid (HYPE) tops the winners with a 1,519% gain since its November 2024 airdrop. The token now trades near $61.52 with a $13.7 billion market cap. That makes it the tenth-largest cryptocurrency.

HYPE’s edge is simple. Its perpetuals exchange earns real fees, and that revenue funds token buybacks. Spot HYPE ETFs also began trading in May. Still, the token sits about 20% below its June record of $76.70.

Ondo (ONDO) comes second at 101.4% above its launch price, lifted by demand for tokenized US Treasuries. Yet ONDO remains 81% below its December 2024 peak of $2.14. Being in profit can still hide a deep crash.

Hyperliquid (HYPE) and Ondo Finance (ONDO) Price Performances. Source: TradingView

EverValue Coin (EVA), an Arbitrum token with growing Bitcoin backing, gained 20.3%. Midnight Network (NIGHT), a privacy chain tied to Cardano, added 16.5%. CryptoRank did not name the other four winners.

Only 7.1% of Tokens Launched Since 2024 With Market Caps Above $100M Remain Above Their TGE PriceAccording to CryptoRank, only 8 of 113 tokens launched between 2024 and 2026 with current market capitalizations above $100 million are still trading above their TGE price, while… pic.twitter.com/aew6eorMmf
— Wu Blockchain (@WuBlockchain) July 21, 2026

The lesson is blunt. Hype fades, but unlock schedules do not. The few survivors earn fees, solve real problems, or hold hard assets. The next wave of launches will show whether anyone was paying attention.

Read the article at BeInCrypto