A recent analysis by CryptoRank reveals a stark reality for new cryptocurrency tokens launched since 2024: only approximately 7% are currently trading above their initial launch price. The study, which tracked 113 major cryptocurrency tokens with a market capitalization exceeding $100 million since their token generation event (TGE), found that a significant majority have seen substantial declines.
According to CryptoRank, the median return for these tracked tokens stands at a steep -95.7%. Out of the 113 tokens analyzed as of July 21, 2026, only 8 tokens managed to trade above their launch price, indicating a high failure rate for new entrants in the major cryptocurrency market segment.
Outlier Performance Amidst Decline
Among the few tokens that have shown positive performance, HYPE (Hyperliquid) recorded the most significant increase, soaring 1,519% from its launch price. ONDO (Ondo Finance) also demonstrated strong growth, up 101.4%. Other tokens with double-digit increases include EVA (EverValue Coin) at 20.3% and NIGHT (Midnight Network) at 16.5%. Notably, HYPE was also included in the new S&P Pantera Digital Asset Index.
Market Context and Contributing Factors
These findings emerge as the broader cryptocurrency market shows signs of recovery. Bitcoin, for instance, climbed above $66,000 this week, influenced by increased ETF inflows and softer US inflation data. However, the performance of newer, major tokens suggests that the overall market uptrend has not translated into widespread success for recent launches.
CryptoRank attributes the major drawdowns in many of these projects to factors such as sell-offs, thin liquidity, and regulatory uncertainty. The market has also experienced significant crashes in the past two years due to exploits and other unforeseen events.
The analysis highlights that even among the tokens that are currently profitable, only a small handful have achieved outsized performance. The study’s sample is specifically limited to projects with a market capitalization above $100 million as of July 21, providing a focused view on more established new ventures rather than smaller, more speculative tokens.
While the exact timeframe for ‘launched since 2024’ and the specific TGE prices for each token were not detailed in the report, the overall trend indicates a challenging environment for new cryptocurrency projects aiming for sustained value post-launch. The methodology for excluding certain assets from the S&P Pantera Digital Asset Index also remains unexplained.
Why This Matters
The materials describe a narrow update: A survey of 113 cryptocurrency tokens with a market capitalization exceeding $100 million since their token generation event (TGE) revealed that only 8 tokens (approximately 7%) are currently trading above their launch price. The exact timeframe for ‘launched since 2024’ is not specified.
Leave a Reply