Recent research shows a growing shift in investor behavior away from newly launched tokens toward publicly listed crypto companies. Data indicates that over 80% of tokens trade below their initial launch price, often declining 50% to 70% within just a few months.

This trend appears to be structural rather than temporary. Factors such as early investor unlocks, airdrops, and continuous token emissions create persistent selling pressure. Even projects with active development and real usage struggle to maintain price stability, highlighting a disconnect between fundamentals and market performance that could reshape how value is captured in the crypto industry.