Data: In 2025, over 80% of TGE tokens fell below their issuance valuation, and 28 tokens with valuations exceeding $1 billion failed to achieve positive returns

According to Memento Research data, by 2025, 84.7% of tokens will be below their valuation at TGE; 65% of tokens will have dropped over 50% compared to TGE, and 38.1% of tokens will have declines of 70% to 90%; among 28 tokens with an initial market cap above $1 billion, none achieved positive returns.

Analysis indicates that TGE in 2025 typically signals the peak for most projects, with the price discovery process already beginning before TGE. If you buy in at the project launch, you are essentially looking for rare undervalued projects, while the median outcome is a price drop of about 70%.