[GSR: Data from over 2,300 token listings shows median price falls below issuance price within 3 days, drops 50% within 90 days] Odaily Planet Daily News – Crypto trading and market-making firm GSR released a research report stating that its analysis of data from over 2,300 token listings on major exchanges since 2013 found that the median listed token falls below its issuance price within 3 days and drops 50% within 90 days. The data indicates that tokens with high FDV and low circulating supply perform worse in the long term. Tokens with an FDV exceeding $1 billion have a median return of -81% one year after issuance; tokens with an initial circulating supply below 20% drop approximately 75% after one year, while tokens with a circulating supply between 30% and 50% decline around 45% over the same period. ChatGPT may produce errors. Please verify important information.