➥ Is launching tokens dead in 2026? Honestly, I think the old meta is completely dead I look at the data, average ROI of 2026 launches = around -54% for early participants - $RNBW: -89.87% from ICO - $ZAMA: -43% after TGE - $AZTEC: - 49.79 after TGE This is systemic value destruction happening the last 2 years and continues And what I notice is something more important: ➔ Attention peaks at TGE ➔ Liquidity peaks at TGE ➔ Then both never recover No 2025 and early 2026 launch is even close to top mindshare rankings As far as i witness, $BTC, $ETH, $SOL, $TAO, $HYPE still dominate conversation New tokens can’t hold narrative for more than a few days So you noticed the pattern here, this is the real death The market punishes the hype at this stage Low float + high FDV + heavy VC allocation = instant exit liquidity machine However, after all I don’t think tokens themselves are dead I see clear pivot: - @megaeth delaying TGE until KPI milestones are hit - @Polymarket & @opensea delay TGE and leave the date unknown - New experiments like attention markets and cashback models trying to redesign incentive flow This tells me one thing that the market now pays for usage, revenue, real traction So I avoid most presales in 2026 because risk/reward is asymmetric and not in our favor If a project cannot prove PMR before TGE, I assume I am the liquidity Find protocols with PMF like $PENDLE, $HYPE, and maybe $POLY …