GSR: Data from over 2,300 token listings shows median price falls below issuance price within 3 days and drops 50% within 90 days

Odaily reports: Crypto trading and market-making firm GSR has released a research report stating that its analysis of over 2,300 token listings on major exchanges since 2013 found that the median listed token falls below its issuance price within 3 days and declines 50% within 90 days.

Data shows that tokens with high FDV and low circulation perform worse over the long term. Tokens with an issuance FDV exceeding $1 billion have a median return of -81% after one year; tokens with an initial circulation below 20% decline approximately 75% after one year, while tokens with circulation between 30% and 50% decline approximately 45% over the same period.

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