Only 1% of 2022’s Public Token Offerings Have Returned 10X

According to CryptoRank, there have been 619 public token offerings this year.

Amongst them were some notable token drops from move-to-earn platform STEPN, the Bored Ape Yacht Club, and the play-to-earn game, League of Kingdoms.

Earlier this year we saw STEPN’s GMT token rally from 1 cent to $4.10 in a matter of days upon its IEO. Ape…