Blockchain tokens that held TGEs from January 2024 onward have declined across the board, with losses reaching as much as 99.8% from their TGE prices. The cohort includes heavily funded projects such as 0G Labs, which raised $359 million, Starknet at $252 million and Berachain at $142 million.
Why it matters
The scale of the declines shows that substantial venture funding did not guarantee durable token valuations. Initial pricing across many blockchain projects ran ahead of the sustainable market demand available after launch.
Market impact
The losses have sharply reset valuations for recent token launches. For investors, the performance puts greater weight on post-TGE demand and less on fundraising totals as a measure of a token's ability to hold its launch price.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJCgGpblIDxQ6zTqabHZkt90kTmOmmfAAKIG2sb_9_hSjGb6mUx3YqMAQADAgADeQADPQQ)
Frequently asked questions
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Which heavily funded blockchain projects were highlighted?
0G Labs raised $359 million, Starknet raised $252 million and Berachain raised $142 million.
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Did large funding rounds protect post-TGE token prices?
No. Tokens in the cohort declined across the board despite some projects raising substantial amounts of capital.
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What does the performance suggest about initial token valuations?
It indicates that many initial valuations were disconnected from the sustainable market demand available after launch.
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Why are fundraising totals an incomplete measure for token investors?
Funding can support project development, but it does not ensure enough post-TGE market demand to sustain a token's launch valuation.
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What metric gains importance after these TGE losses?
The durability of post-launch market demand becomes more important than headline fundraising totals when assessing whether a token can hold its valuation.
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