WuBlockchain
Only 8 of 113 tokens launched between 2024 and 2026 with current market capitalizations above $100 million are still trading above their TGE price, according to CryptoRank data. The other 105 sit below their issue price, and the median return across the cohort is -95.7%.
The handful that beat the launch are HYPE, ONDO, EVA and NIGHT, up roughly 1,519%, 101.4%, 20.3% and 16.5% respectively. Each sits in a different vertical, derivatives, RWA, AI infrastructure, privacy, suggesting category alone did not save them.
Why it matters
The data reframes the post-2024 launch cycle as a tail-event market rather than a broad-based one. A median drawdown of -95.7% across 113 large-cap launches means the typical buyer is sitting on a small fraction of their entry, even when they picked a project that survived the first year and grew into the $100M-plus cap bracket. Selection cost, not market beta, is doing most of the damage.
Market impact
The implication for new launches is brutal: TGE participation now requires either asymmetric position sizing or a hard filter on float, lockup and insider economics, because the base rate is a near-total loss. For the surviving names, the dispersion is wide enough that index-style exposure to post-2024 launches would still bleed out, but concentrated bets on the rare winner can still compound.
Frequently asked questions
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How many post-2024 token launches are still above their TGE price?
Only 8 of 113 tokens launched between 2024 and 2026 with market capitalizations above $100 million remain above their TGE price, according to CryptoRank.
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What is the median return for the post-2024 launch cohort?
The median return across the 113-token cohort is -95.7%, meaning the typical holder is sitting on roughly 4% of their entry even when the project survived into the large-cap bracket.
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Which post-2024 token launches are the top performers?
HYPE is up about 1,519%, ONDO up 101.4%, EVA up 20.3% and NIGHT up 16.5%, the four standout survivors in a broadly underwater cohort.
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Does the data cover tokens below $100M market cap?
No. The CryptoRank figure only counts tokens launched between 2024 and 2026 that grew into a $100M-plus market cap, so the small-cap graveyard is not reflected in these numbers.
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What does this mean for new TGE participation?
The base rate is a near-total loss, so TGE buyers now need either asymmetric position sizing or a hard filter on float, lockup and insider economics to make the math work.
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