Ten blockchain projects valued at $100M to $1B in private rounds now trade at steep discounts in public markets.
Ten crypto startups have seen their market valuations collapse by 96% to 99.999% from their last private funding rounds. The Binary Holdings leads the decline with a 99.999% drop, followed by Elixir at 99.97% and Shardeum at 99.82%.
These projects were previously valued between $100M and $1B during private rounds. The sharp declines highlight a broader trend of valuation corrections in the crypto sector as public market caps fail to sustain private round levels.
The data underscores the widening gap between private and public market valuations in blockchain ventures, reflecting investor caution amid volatile trading conditions.