This year, 84.7% of the 118 TGE matches saw a break point rate, with a median break point rate of 71%.

According to Odaily Planet Daily, Ash Liew, founder of Memento Research and head of investment at Signum Capital, stated in an article published on X that the firm tracked 118 TGE (token generation events) in 2025 and compared their current FDV with their valuation at the time of issuance.

The results show that 84.7% (100 / 118) of the projects currently have a lower FDV than their TGE valuation, which means that about 4 out of 5 projects will experience a price drop after launch; the median price drop is 71% lower than the initial offering valuation (67% lower in MC terms); only 15% of the tokens are still up in value compared to TGE.