On December 24th, according to CryptoRank statistics, some crypto projects that launched their tokens this year have fallen far below their valuations from their last round of venture capital funding before the token launch. The difference between the market capitalization of some projects and their venture capital valuations can be as much as 100 times.
For example, the current circulating market capitalization of Bubblemaps' token BMT is approximately $6 million (FDV is only $22.92 million), and Fuel Network is similar.





