GSR Report: Median Token Price Drops Below Launch Price Within 3 Days

Crypto trading and market-making firm GSR released a report analyzing over 2,300 token listings since 2013. The data shows that the median token price falls below its launch price within three days and declines by 50% within 90 days. The report highlights that median circulating supply at launch dropped from 38% in 2017 to 13% in 2020, remaining low thereafter. Tokens with a fully diluted valuation (FDV) exceeding $1 billion saw a median return of -81% after one year, while tokens with lower circulating supply experienced significant losses as well.