Nobody talks about this enough but some of the most hyped VC-backed tokens from the last cycle are just… gone 👇
$ME (Magic Eden) : hit $17 in Dec 2024, now sitting at $0.10. that's -99%. Sequoia & Paradigm backed it.
$W (Wormhole) : launched at $1.15, now $0.01. down 99%. and they just dropped another 600M tokens on the market last week.
$EIGEN : ATH of $5.65, trading at $0.16 today. a16z backed. -97%. record TVL. token doesn't care.
$TIA : $21 peak, now ~$0.30. Polychain literally sold their bags back to the foundation lmao
$SEI : $0.73 → $0.05. Jump Multicoin Coinbase Ventures. 93% gone.
$STRK : $4.41 → $0.03. near all-time lows. investor unlocks hit every single month.
The VCs got in at fractions of pennies. The token unlocks never stopped and retail absorbed all of it.
Not blaming anyone. Just noting what happened.