Only 7.1% of tokens launched since 2024 are still in profit. Out of 113 projects with a market capitalization above $100 million, just eight trade above their TGE price, while 105 sit in the red.
Why it matters
The data, sourced from CryptoRank API, cuts through the launch-euphoria narrative that has dominated each of the past four cycles. Strong post-TGE performance is now the exception rather than the rule, with most projects absorbing severe and persistent drawdowns. The implication is structural: insider unlocks, FDV-driven airdrops, and weak float economics are catching up with founders who treated TGE as the marketing peak rather than a listing floor.
Market impact
For allocators, the read is simple. The post-2024 TGE cohort is already showing L1-style attrition at the token level, and the gap between eight winners and 105 losers suggests that selection, not allocation size, is the alpha for the rest of this cycle. Watch for follow-on dilution as unlocks continue to hit this cohort through 2025.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJDFmpfaFvO0jCUndu6S3PgU0fvCB-oAAJtHGsbLbgBS-5HAAH_50cOnQEAAwIAA3kAAz0E)
Frequently asked questions
-
What share of post-2024 token launches are still in profit?
Only 7.1%. Of 113 projects with a market cap above $100M launched since 2024, just eight trade above their TGE price, per CryptoRank API data.
-
How many of the 113 tracked projects trade above their TGE price?
Eight projects are above their TGE price, while 105 are in the red, making sustained post-launch profit the rare outcome.
-
Why are so many recent token launches underperforming?
Insider unlocks, FDV-driven airdrops, and weak float economics have weighed on the post-2024 cohort, turning TGE into a peak for many projects rather than a listing floor.
-
What is the minimum market cap threshold for the projects in this dataset?
All 113 projects tracked by CryptoRank API have a market capitalization above $100 million.
-
What should investors watch for next in this TGE cohort?
Follow-on dilution is the key risk as scheduled token unlocks continue to hit the cohort through 2025, deepening drawdowns for projects already trading below their TGE.
TheBlock
CryptoSlate
WatcherGuru
Lookonchain
Whale Alert
CoinDesk