Almost all high-value cryptocurrencies launched after 2024 are now worth less than when they were launched, according to analysis firm Cryptorank.
The company has tracked 113 coins since the Token Generation Event (TGE) price, and only eight coins are currently above that price, with a median return of -95.7%.
CryptoRank told CryptoPotato that the sample is limited to projects with a market capitalization of over $100 million as of July 21.
Investigating CryptoRank: 8 exceptions to the rule
The eight coins studied are profitable, led by HYPE, ONDO, EVA, and NIGHT.
Hyper Liquid’s HYPE has increased by 1,519% from its launch price at the time of research publication on July 21st. Ondo Finance’s ONDO followed with 101.4%, while Evervalue Coin (EVA) and Midnight Network (NIGHT) rose 20.3% and 16.5%, respectively.
These numbers clearly show that only a handful of rising companies had notable performance, with 6 out of 8 companies achieving double-digit increases at best. It is worth noting that HYPE was also listed on the new S&P Pantera Digital Asset Index, which excludes many high-performing cryptoassets, including Bitcoin.
Why did it decline?
CryptoRank notes that while the market has also observed major sell-offs over the past two years due to exploits and other factors, selloffs, thin liquidity, and regulatory uncertainty are the main causes of significant drawdowns in these projects.
Only 7.1% of tokens issued after 2024 are still profitable
Of the 113 projects with market capitalization above $100 million, only 8 are trading above the TGE price, and 105 are already in the red.
This highlights how difficult it is to maintain newly minted tokens… pic.twitter.com/PbjCiBD5Jd
— CryptoRank.io (@CryptoRank_io) July 21, 2026
The investigated tokens spanned a wide range of niche areas in the cryptocurrency industry, including DeFi, gaming, and various infrastructure projects. The findings were released amid a broader market recovery, with Bitcoin climbing above $66,000 this week on the back of increased ETF inflows and weaker U.S. inflation data.
You may also like:
Exclusive offer for Bybit’s CryptoPotato readers: Use this link to register and open a $500 free position on any coin!
