According to CryptoRank data, the FDV of almost all of the dozen or so VCcoin projects that were launched this year or last year and have a certain degree of popularity is lower than their VC valuation. For example, Humanity Protocol's primary valuation was $1 billion, but its current FDV is $285 million; Fuel Network's primary valuation was $1 billion, but its current FDV is $11 million; Plasma's primary valuation was $500 million, but its current FDV is $224 million; and Camp Network's primary valuation was $400 million, but its current FDV is $15 million.
