The post Crypto equities attract flows as 80% of TGEs drop: DWF appeared on BitcoinEthereumNews.com.

DWF Labs: over 80% of tokens fall below TGE in 90 days Over 80% of newly issued tokens fall below their token generation event (TGE) price within 90 days of listing, according to FinanceFeeds, citing analysis by dwf labs. The same coverage indicates investor capital is rotating from token launches into publicly listed crypto companies and mergers and acquisitions (M&A), characterizing the shift as structural rather than cyclical. This pattern aligns with observed post-listing drawdowns where initial pricing often exceeds sustainable demand. The findings underscore a changing funding mix in digital assets as markets prize durability, governance, and audited financials over launch momentum. Why tokens underperform: unlocks, liquidity, inflated TGE valuations Selling pressure from unlock schedules and airdrops, thin order books, and elevated TGE valuations are primary drivers of early underperformance, according to DWF Labs’ commentary. Managing Partner Andrei Grachev has also framed the rotation as a move toward fundamentals and sustainability. Mechanically, large early-holder unlocks create immediate supply, while aggressive initial pricing forces repricing as real demand emerges. Liquidity and market-making shortfalls can amplify slippage, widening gaps between TGE levels and stabilized trading ranges. Institutional behavior helps explain preference shifts. “When risk appetite tightens, investors don’t stop craving exposure, so they start demanding cleaner ownership, clearer disclosure, and a path to enforceable rights,” said Maksym Sakharov, Co‑Founder and Group CEO at WeFi. BingX: a trusted exchange delivering real advantages for traders at every level. Capital rotates to crypto equities and M&A deals Public crypto-equity names command materially higher valuation multiples than tokens, roughly 7–40x sales for listed companies versus 2–16x for tokens, based on data from InsightsWire. The same dataset highlights approximately $14.6 billion in crypto IPO fundraising in 2025 and more than $42.5 billion in M&A, indicating where risk capital is being absorbed. That valuation premium reflects governance,…

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Filed under: News - @ February 23, 2026 3:24 am