What's crazier than how much raised is they're still overvalued
$TIA $719m fdv
$0g $1.2b fdv
$IP $2.6b fdv
$MOVE $519m fdv
I got bored and went through @DefiLlama to find some dead projects that TGE'd this cycle... So, here's a list.
- @celestia: raised $156M, now at $0 in TVL and $90 in daily fees.
- @0G_labs: raised $357M, now at $1.5M in TVL and $OG is -76% from TGE.
- @StoryProtocol: raised $216M, now at $12M in TVL and $103 in daily fees.
- @movementlabsxyz: raised $41M, now $201M in TVL but... $2 in daily fees and $7M of DEXs volume.
I think with time all of these will trade below the amount they raised
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