12 of the 16 recent TGEs are down since their first full trading day. Median return: -27%. Quite a few are DeFi projects: • GRVT: perps, -29% • QUID: cross chain swaps, -48% • TMX: fixed rate lending, -96% Note that public sale buyers had very different entry prices so: • QUID: still up 24% from its public sale. • FOLD: up 108% from its 2nd public auction, despite being down 19% after listing. I want more good tokens to invest in. But even after these dumps only 11% of GRVT and 14% of QUID max supply is circulating. P.s. used Chatgpt Astra Ultra.