Take a closer look at what's actually happening in the token launch space. Over the past week, roughly 129,000 tokens hit the market. Sounds massive, right? Here's the reality check: only 963 of them made it past the initial phase. That's less than 1%. The numbers tell a story—most token projects don't survive their early stage. For anyone watching the crypto market, this graduation rate is worth paying attention to. It highlights the brutal competition and the challenges new projects face in gaining traction.