According to CryptoRank data dated July 21, only 8 of 113 major crypto tokens launched since 2024 still trade above their launch price, representing a 7.1% survival rate with a median return of -95.7%. The other 105 tokens are underwater, with the cohort limited to projects that reached and maintained a $100 million market cap.
A separate December 2025 study by Memento Research found 100 of 118 tokens launched that year already trading below their listing price, an 84.7% failure rate. The pattern reflects tokens launching at inflated valuations with low float, followed by scheduled unlocks adding supply the market does not absorb.