Only 4 of 8 crypto projects with Q2 TGEs saw market cap growth

Only four of the eight projects that conducted a Token Generation Event (TGE) following an airdrop in the second quarter have seen their market capitalization increase, according to data from Cryptorank. The projects that experienced growth are Genius (GENIUS, 120%), o1 Exchange (O, 77.9%), Billions (BILL, 73.0%), and Re Protocol (RE, 64.5%). In contrast, Zentry (AI) and Fluent (BLEND) saw their market caps fall by 65.2% and 56.8%, respectively.