The GSR research report shows that the median token fell by 50% within 90 days of its listing

GSR released a research report stating that statistics on over 2300 token listings since 2013 have revealed that the median token fell below its issue price within 3 days and dropped 50% within 90 days. High FDV and low liquidity tokens have poor long-term performance, with a median return of -81% after one year for tokens with FDV exceeding $1 billion, a 75% drop after one year for tokens with initial circulation below 20%, and a 45% drop during the same period for tokens with circulation between 30% and 50%.