VC Valuation vs Actual Market Capitalization: Several Popular Projects Shrink by Over 85%, When Will This Bubble Burst?

[Coin World] Recently saw a data comparison that really hits hard — many projects that have raised a lot of money have a market capitalization that is only a fraction of their VC valuation.

For example, Humanity Protocol, Fuel Network, and Bubblemaps were all valued at $1 billion during the VC funding period, but now their market capitalizations have dropped to $285 million, $11 million, and $6 million respectively. The decline of the latter two projects is particularly severe, reaching a level that can be described as a collapse. Even more outrageous is Everlyn, which had a VC valuation of $250 million, but its market capitalization has now shrunk to only $26 million, giving a direct cold shoulder.

In addition to these, projects such as Plasma, ICNT, DoubleZero, Camp Network, and Treehouse have also encountered similar valuation adjustments - their market capitalization is far below the valuation levels during the financing period. In particular, DoubleZero has a market capitalization of only $373,000, which is negligible compared to its valuation at the time of financing. Privasea, Bitlight, Momentum, Kyo Finance, and Yieldbasis are also experiencing the same predicament.

The essence reflected by this phenomenon is very clear: during the previous round of financing boom, market sentiment was too hot, and valuations were inflated. Now that sentiment has cooled, prices have returned to reality. The advice for investors is straightforward—think calmly before taking action, do not get dizzy from conceptual hype or market enthusiasm; data and fundamentals are the best shield.