TL;DR:
- A total of 8 out of 113 analyzed projects trade above their price at the token generation event (TGE) as of July 21, 2026.
- The group of studied assets, limited to market capitalizations over $100 million, records a median return of -95.7%.
- Hyperliquid leads the gains with a 1,519% return since its November 2024 airdrop, reaching a $13.7 billion valuation.
CryptoRank metrics reveal that only 7.1% of crypto tokens launched since 2024 maintain their price above their token generation event (TGE) price. The research covers exclusively projects with a current market capitalization over $100 million.
Only 7.1% of Tokens Launched Since 2024 With Market Caps Above $100M Remain Above Their TGE Price
According to CryptoRank, only 8 of 113 tokens launched between 2024 and 2026 with current market capitalizations above $100 million are still trading above their TGE price, while… pic.twitter.com/aew6eorMmf
— Wu Blockchain (@WuBlockchain) July 21, 2026
This contraction in profitability extends the decline recorded late last year. In December, research firm Memento Research reported that 84.7% of tokens issued during that period were trading below their initial listing value.
CryptoRank data suggests that inflated valuations at debut and constant selling pressure from scheduled unlocks explain this bearish performance. The case of Worldcoin illustrates the magnitude of these drops, with a 97% decline from its all-time high reached in 2024.
Performance of Survivors in the Current Market
Hyperliquid is among the few assets posting positive returns. HYPE stands out as the top performer after surging 1,519% since its initial distribution. The token trades near $61.52 at the close of the study and ranks among the top ten cryptocurrencies by market cap.
HYPE’s performance is driven by the revenue volume generated by its perpetuals platform. Protocol data indicates that collected fees are used to buy back the token on the open market.
In second place among the profitable group is ONDO, with a 101.4% gain over its initial value. However, the asset remains 81% below its $2.14 peak recorded in December 2024.
Completing the list of gainers are EverValue Coin (EVA), which logged a 20.3% increase, and Midnight Network (NIGHT), with a 16.5% rise. CryptoRank withheld the identities of the remaining four projects.
It is projected that the sector’s focus will shift toward the upcoming unlock rounds scheduled for the end of the quarter. The market’s response to these liquidity events will serve to measure the supply absorption capacity for new token launches.
