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Keyrock Report: Only 12% of New Token Projects This Year Have Achieved Price Increases

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#DeFi
ForesightNews
424Words
Sep 26, 2024

According to Foresight News, a new study by cryptocurrency market maker Keyrock shows that 88% of tokens that were airdropped during their issuance this year experienced a price decline, with most suffering a crash within 15 days. Keyrock stated in the report: "Most price fluctuations occur in the initial days following the airdrop. Three months later, very few tokens manage to produce positive results, and only a handful can go against the trend. Projects with a high Fully Diluted Valuation (FDV) often struggle to maintain momentum, as the anticipated upside becomes limited. Additionally, tokens with high FDV typically lack the liquidity to support these valuations. Without sufficient liquidity, prices become highly sensitive to selling pressure."

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