TechFlow news — On June 5, a researcher collected price data for nearly 1,000 tokens on the Ethereum blockchain, tracking their price movements within 1, 4, and 24 hours after launch.
Price performance within 1 hour after launch:
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78.2% of tokens showed no price change or rug;
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65.2% of tokens dropped more than 50% in price;
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11.4% of tokens increased by over 100%;
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2.8% of tokens surged over 1,000%, but 62.8% of these later rug-pulled.
Price performance within 4 hours after launch:
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86.6% of tokens showed no price change or rug;
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7.5% of tokens increased by over 100%;
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2.3% of tokens surged over 1,000%, but half of these were later rug-pulled.
Price performance within 24 hours after launch:
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93% of tokens showed no price change or rug;
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87% of tokens dropped more than 50%;
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2.8% of tokens increased by over 100%;
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Only 0.8% of tokens surged over 1,000%.
From this data, we can draw several insights:
The findings indicate that:
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The longer a token is held, the higher the likelihood of a rug pull;
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The highest returns occur within the first hour after launch;
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Fraudulent tokens must be carefully watched.
If you invested in 10 tokens within the first few minutes of their launch, you could expect at least one to rise over 100% within the first hour. Therefore, with proper position sizing, it may be possible to generate profits.
