The rapid growth in the number of crypto tokens is outpacing the value they generate, creating an โexistentialโ problem for the industry, according to Michael Ippolito, co-founder of Blockworks. In a series of posts on X, Ippolito noted that while total crypto market capitalization remains relatively strong, the average value per token tells a different story. โThe average coin is only slightly higher than where it was in 2020 (!) and down ~50% since 2021,โ he wrote. Median token returns have also deteriorated sharply. Most tokens are down roughly 80%…
Crypto Token Glut Is Diluting Value And Breaking Investor Returns
