Analysis: 56 tokens supported by VC have been listed this year, with 3 tokens having FDV exceeding $1 billion

Crypto analyst @ ahboyash posted on X platform that as of mid-2025, 56 tokens supported by venture capital have been listed. Among them, 45 tokens had a fully diluted valuation (FDV) of $50 million to $1 billion when they went public (accounting for 80% of the total project), 8 tokens had FDVs below $50 million, and 3 tokens had FDVs exceeding $1 billion (Kaito, Story Protocol, and Walrus, respectively). It is worth noting that venture capital firms typically invest in seed rounds, with project valuations typically ranging from $20 million to $100 million in FDV; After the Token Generation Event (TGE), venture capital tokens will be locked in for about 3 years, and after the lock up period and attribution period ends, the valuation may further plummet; The token trading prices of some projects have fallen below the valuation of the previous round of financing (i.e. investors have incurred losses).