Originally published on DropThe.org.
Within six months of hitting their all-time high, the average crypto token has lost 81% of its value. Within a year, 90%. Within two years, 96%.
We tracked 16K+ tokens in the DropThe database. The numbers paint a picture that most crypto promoters would rather you not see.
Our previous analysis showed 91% trade below half their peak. This answers the next question: how fast do they die?
The Decay Curve: From Peak to Graveyard
Here’s how quickly tokens lose value after reaching their all-time high:
-59%
1,626 tokens
3-6 months
-81%
2,585
6-12 months
-90%
2,475
1-2 years
-96%
5,026
2-4 years
-95%
1,459
4+ years
-98%
2,094
Source: DropThe.org | Average decline from all-time high
The decay curve flattens after 12 months because there’s not much left to lose. A token down 90% can still drop another 90%. Many do.
6,923 Tokens Are Down 99% or More
Almost half of all tracked tokens have lost virtually everything.
99%+ down
90-99%
50-90%
<10%
6,923 tokens
4,988
2,035
792
1,270
Source: DropThe.org | Current distance from all-time high
The green sliver on the right — tokens within 10% of their peak — represents just 7.9% of the market. That includes Bitcoin, Ethereum, and a handful of others. Everyone else is underwater.
DropThe Data: 74.4% of all tracked tokens are down 90% or more from their all-time high. 43.2% are down 99%+. The median crypto token is not slowly declining — it’s already a corpse.
The Graveyard’s Biggest Names
These aren’t obscure memecoins. These are tokens that were once in the top 200 by market cap.
| Token | ATH Price | Current Price | Decline | Peaked |
|---|---|---|---|---|
| Terra Luna | $119.18 | $0.00004 | -100% | Apr 2022 |
| Internet Computer | $700.65 | $2.35 | -99.7% | May 2021 |
| Filecoin | $236.84 | $0.91 | -99.6% | Apr 2021 |
| Axie Infinity | $164.90 | $1.42 | -99.1% | Nov 2021 |
| The Graph | $2.84 | $0.03 | -99.1% | Feb 2021 |
| The Sandbox | $8.40 | $0.08 | -99.0% | Nov 2021 |
| Starknet | $4.41 | $0.05 | -98.9% | Feb 2024 |
| IOTA | $5.25 | $0.07 | -98.7% | Dec 2017 |
This is an excerpt. Read the full analysis with charts and data on DropThe.org
About DropThe
DropThe is a data platform tracking 1.83 million entities across movies, games, companies, people, and crypto — connected by 2.18 million knowledge graph links. We don't guess. We count.
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