[Statistics: Some Crypto Projects That Issued Tokens This Year Have Fallen Far Below Their Last Venture Capital Valuation] BlockBeats News, December 24, according to CryptoRank statistics, some crypto projects that issued tokens this year have fallen far below their final round of venture capital valuation before token issuance. The difference between the token market cap and the aforementioned venture capital valuation for some projects exceeds a hundredfold. For example: Bubblemaps token BMT currently has a circulating market cap of approximately $6 million (FDV is only $22.92 million), with similar cases including Fuel Network.