What has been thrown out — and why

This page shows what has been thrown out of the assessment. It is here because a ranking without its dead is a lie.

Why this is the most important evidence on this site

Every crypto site shows winners. Whoever shows only what is left measures against a selection that already knows the outcome — that is survivorship bias, and here it is quantified: one cohort flipped from 1.405 times to 0.703 times as soon as those that went under were counted in. The same list becomes a gain or a loss depending on whether the dead are left out.

Group 1 — existential risk

Exclusion after the assessment model’s upstream check: the project itself is at risk. One yes is enough, and the score is not even calculated.

StorjSTORJInsolvency proceedingssince July 26, 2026

Vulcan ForgedPYROperations pausedsince July 22, 2026

IlluviumILVCash runway under twelve months, no committed capitalAugust 27, 2026

Important for Illuvium: the reason is explicitly not tradability. Its two-percent depth stood at 21,315 dollars on August 31, 2026, and thus better than several assets that remain in the assessment. Anyone who confuses the two brings it back for the wrong reason.

Group 2 — no longer sellable

What is measured is the two-percent exit depth: how many dollars can be sold without pushing the price down by more than two percent. The threshold is 25,000 dollars, because otherwise a position between 1,000 and 10,000 euros can no longer be unwound.

PhoenixPHBExit depth below the threshold$143August 27, 2026

Measurable DataMDTExit depth below the threshold$172August 29, 2026

VerasityVRAExit depth below the threshold$253August 31 · $1,030 on August 27

VinuChainVCTwo-percent exit depth$264August 31 · $935 on August 27

RobonomicsXRTExit depth below the threshold$270August 27, 2026

GEODNETGEODExit depth below the threshold$9,805August 29, 2026

Kyber Network CrystalKNCExit depth below the threshold$24,810

GMXGMXExit depth below the threshold$16,402

AltLayerALTExit depth below the threshold$11,204

BOOK OF MEMEBOMEnot listed at Coinbase and Kraken

For Verasity and VinuChain there are two measurements at different trading venues that differ by a factor of four. Both are far below the threshold, which changes nothing about the outcome — but the exact figure is a snapshot of a few seconds at a few exchanges, not a fixed property. Pepe Unchained would also be below the threshold here; it is in group four, because it would not be assessable even with good tradability.

Five assets are deliberately NOT in this group, although they look conspicuous

For WEPE and STARS the exit depth is not collected, and not collected does not mean zero. For QNT, ATH and ILV the measurement on August 31, 2026 covered two of nineteen trading venues — every one of those figures is a lower bound, not a finding. An asset is only thrown out here once it has been measured, not when it looks suspicious.

Group 3 — excluded by design

Legacy Frax DollarFRAXpegged to the dollar$11,222Exit depth, August 27, 2026

ApeCoinAPEAll-time high within 90 daysOctober 8, 2026

StarknetSTRKAll-time high within 90 days

An asset with a target price of one dollar cannot multiply — that is not a weakness but its design. Related, but still in the assessment: Hedera, Internet Computer, Canton and, since August 27, 2026, Ondo as well are dollar-pegged instead of token-pegged — their product can succeed without the token. They are flagged, not excluded. The difference shows where the line runs.

Group 4 — not assessable

Eight assets run as a category of their own without a score. The reason is not a value judgment but a definition. The assessment model measures substance — supply development, usage, independence. A token with no claimed use has none of that, and a catalog that scores it measures nothing.

DogecoinDOGEno claimed utility

Shiba InuSHIBno claimed utility

PepePEPEno claimed utility

BonkBONKno claimed utility

FLock.ioFLOCKno claimed utility

Wall Street PepeWEPEno claimed utility

Pepe UnchainedPEPUno claimed utilityadditionally: exit depth $222 on August 31, 2026

STARSSTARSno claimed utility

What was measured for each of these eight assets →

And the uncomfortable part: the biggest multipliers of the past had no foundation at all. Whoever filters by application excludes them systematically. That is not a flaw of the filter but its definition.

Who comes back in

Every line here carries a date, because liquidity changes. Whoever reaches the threshold again at a later measurement comes back. On August 29, 2026 that happened six times: XAI, CGPT, FLUX, PORTAL, HOT and NEXO have been back in the assessment since then.

What they are for, high, low and cycles

Excluded does not mean unmeasured. These six assets have no page of their own, but they carry the same figures here as every profile — what they are for, the contract address, the highest and the lowest daily close, the distance to each and the four cycles.

Games

ILV — Illuvium

Excluded before the assessment: Cash runway twelve months

What it is for

Set out to: A collecting and battling game in an open game world.
Today in addition: Several connected titles, a move of the game assets to Immutable zkEVM.
Notable: Several interlocking games from one studio under one token.
Strength: Finished, playable titles.
Weakness: High development effort with a limited number of players.

Contract address

Chain: Ethereum

0x767FE9EDC9E0dF98E07454847909b5E959D7ca0E

Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.

Where the price stands today between its two endpoints — logarithmic, because orders of magnitude lie in between.

The four cycles

Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.

Cycle	Lowest daily close	Highest daily close	Rise low → high	Fall high → low
2015 to 2017January 14, 2015 to December 16, 2017	did not yet exist
2018 to 2021December 15, 2018 to November 8, 2021	existed, but not measurable — reliable exchange days only from October 13, 2022
2022 to 2025November 21, 2022 to October 6, 2025	$9.659,555 satJune 22, 2025	$150.24214,652 satMarch 26, 2024	in dollars +$12.07 (+125.1%)against Bitcoin +97.6%from $9.65 on June 22, 2025 to $21.72 on August 6, 2025	in dollars -$140.59 (-93.6%)against Bitcoin -95.5%from $150.24 on March 26, 2024 to $9.65 on June 22, 2025
Year by year
2022: in dollars -2.1% (from $39.19 to $38.37) · against Bitcoin -6.7%
2023: in dollars +135.2% (from $38.52 to $90.58) · against Bitcoin -7.6%
2024: in dollars -60.4% (from $95.20 to $37.74) · against Bitcoin -81.2%
2025: in dollars -59.9% (from $38.15 to $15.30) · against Bitcoin -69.7%
since 2026, ongoingJune 30, 2026 to September 17, 2026	$2.754,304 satJuly 29, 2026	$3.784,892 satSeptember 12, 2026	in dollars +$1.03 (+37.4%)against Bitcoin +13.7%from $2.75 on July 29, 2026 to $3.78 on September 12, 2026	in dollars -$0.5050 (-13.4%)against Bitcoin -11.4%from $3.78 on September 12, 2026 to $3.27 on September 15, 2026
Year by year
2026: in dollars +21.1% (from $2.79 to $3.38) · against Bitcoin -7.2%

If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.

Technical infrastructure

STORJ — Storj

Excluded before the assessment: Insolvency proceedings since July 26, 2026

What it is for

Set out to: Object storage that encrypts and splits files across other people’s hard drives.
Today in addition: S3-compatible interface, focused on AI and media data.
Notable: Operator Storj Labs filed for Chapter 11 on July 26, 2026; the network keeps running, and token holders are to receive a stake in the restructured company.
Strength: Service runs independently of the proceedings.
Weakness: Sales depend on an insolvent company.

Contract address

Chain: Ethereum

0xB64ef51C888972c908CFacf59B47C1AfBC0Ab8aC

Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.

Where the price stands today between its two endpoints — logarithmic, because orders of magnitude lie in between.

The four cycles

Cycle	Lowest daily close	Highest daily close	Rise low → high	Fall high → low
2015 to 2017January 14, 2015 to December 16, 2017	existed, but not measurable — reliable exchange days only from March 25, 2021
2018 to 2021December 15, 2018 to November 8, 2021	$0.57651,772 satJune 22, 2021	$3.235,783 satMarch 27, 2021	in dollars +$1.45 (+252.2%)against Bitcoin +86.8%from $0.5765 on June 22, 2021 to $2.03 on October 31, 2021	in dollars -$2.65 (-82.2%)against Bitcoin -69.4%from $3.23 on March 27, 2021 to $0.5765 on June 22, 2021
Only partly measured: reliable trading only from March 25, 2021. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle.
Year by year
2021: in dollars +12.6% (from $1.44 to $1.62) · against Bitcoin -14.5%
2022 to 2025November 21, 2022 to October 6, 2025	$0.2199201.68 satSeptember 25, 2025	$1.062,558 satDecember 17, 2023	in dollars +$0.0245 (+11.1%)against Bitcoin -0.9%from $0.2199 on September 25, 2025 to $0.2444 on October 3, 2025	in dollars -$0.8380 (-79.2%)against Bitcoin -92.1%from $1.06 on December 17, 2023 to $0.2199 on September 25, 2025
Year by year
2022: in dollars -27.6% (from $0.3399 to $0.2460) · against Bitcoin -31.0%
2023: in dollars +181.4% (from $0.2491 to $0.7009) · against Bitcoin +10.5%
2024: in dollars -34.0% (from $0.7182 to $0.4743) · against Bitcoin -68.7%
2025: in dollars -52.4% (from $0.4936 to $0.2351) · against Bitcoin -64.0%
since 2026, ongoingJune 30, 2026 to September 17, 2026	$0.027836.32 satSeptember 10, 2026	$0.0789125.07 satJuly 4, 2026	in dollars +$0.0344 (+123.8%)against Bitcoin +121.9%from $0.0278 on September 10, 2026 to $0.0622 on September 11, 2026	in dollars -$0.0511 (-64.8%)against Bitcoin -71.0%from $0.0789 on July 4, 2026 to $0.0278 on September 10, 2026
Year by year
2026: in dollars -54.9% (from $0.0708 to $0.0319) · against Bitcoin -65.5%

If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.

Games

VRA — Verasity

Excluded after the assessment: Exit depth $1,030

What it is for

Set out to: Detecting advertising fraud by proving genuine video views technically.
Today in addition: VeraWallet with staking, expansion into esports and rewards offerings.
Notable: The proof-of-view procedure is patented and designed for views instead of clicks.
Strength: A clearly delimited problem in the advertising market.
Weakness: Hardly any documented use outside its own world.

Contract address

Chain: Ethereum

0xF411903cbC70a74d22900a5DE66A2dda66507255

Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.

No price chart

For Verasity no price series is held in this site’s data. The highest and the lowest daily close cannot be measured from that — which is why there is no chart here and no figure in the table below.

The four cycles

Cycle	Lowest daily close	Highest daily close	Rise low → high	Fall high → low
2015 to 2017January 14, 2015 to December 16, 2017	did not yet exist
2018 to 2021December 15, 2018 to November 8, 2021	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken
2022 to 2025November 21, 2022 to October 6, 2025	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken
since 2026, ongoingJune 30, 2026 to September 17, 2026	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken

If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.

Games

PYR — Vulcan Forged

Excluded before the assessment: Operations paused since July 22, 2026

What it is for

Set out to: An NFT game studio and marketplace around the world of VulcanVerse.
Today in addition: VulcanX, a trading platform with fee sharing; the old project site redirects there.
Notable: Its own marketplace, its own games and a trading venue under one token.
Strength: Several self-developed titles.
Weakness: Repeated changes of direction, most recently away from the gaming focus.

Contract address

Chain: Ethereum

0x430EF9263E76DAE63c84292C3409D61c598E9682

Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.

Where the price stands today between its two endpoints — logarithmic, because orders of magnitude lie in between.

The four cycles

Cycle	Lowest daily close	Highest daily close	Rise low → high	Fall high → low
2015 to 2017January 14, 2015 to December 16, 2017	did not yet exist
2018 to 2021December 15, 2018 to November 8, 2021	existed, but not measurable — reliable exchange days only from November 29, 2022
2022 to 2025November 21, 2022 to October 6, 2025	$0.8020794.08 satJune 22, 2025	$10.2714,993 satMarch 9, 2024	in dollars +$0.4300 (+53.6%)against Bitcoin +33.2%from $0.8020 on June 22, 2025 to $1.23 on August 9, 2025	in dollars -$9.46 (-92.2%)against Bitcoin -94.7%from $10.27 on March 9, 2024 to $0.8020 on June 22, 2025
Only partly measured: reliable trading only from November 29, 2022. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle.
Year by year
2022: in dollars -13.5% (from $3.11 to $2.69) · against Bitcoin -14.0%
2023: in dollars +204.1% (from $2.76 to $8.39) · against Bitcoin +19.5%
2024: in dollars -65.6% (from $8.74 to $3.01) · against Bitcoin -83.7%
2025: in dollars -67.2% (from $3.08 to $1.01) · against Bitcoin -75.2%
since 2026, ongoingJune 30, 2026 to September 17, 2026	$0.039550.34 satAugust 25, 2026	$0.1860290.04 satJuly 10, 2026	in dollars +$0.0382 (+96.6%)against Bitcoin +92.2%from $0.0395 on August 25, 2026 to $0.0777 on September 6, 2026	in dollars -$0.1465 (-78.7%)against Bitcoin -82.6%from $0.1860 on July 10, 2026 to $0.0395 on August 25, 2026
Year by year
2026: in dollars -68.4% (from $0.1560 to $0.0492) · against Bitcoin -75.8%

If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.

Technical infrastructure

PHB — Phoenix

Excluded after the assessment: Exit depth $143

What it is for

Set out to: Under the former name Red Pulse, market research on China, paid in tokens.
Today in addition: Renamed to Phoenix Global, a switch from NEO to BNB Chain, a 100:1 consolidation in 2021, a focus on decentralized AI infrastructure.
Notable: Chain, name, token and business purpose were all replaced.
Strength: A migration carried out with exchange support.
Weakness: No continuous product across the changes.

Contract address

Chain: BNB Smart Chain

0x0409633A72D846fc5BBe2f98D88564D35987904D

Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.

No price chart

For Phoenix no price series is held in this site’s data. The highest and the lowest daily close cannot be measured from that — which is why there is no chart here and no figure in the table below.

The four cycles

Cycle	Lowest daily close	Highest daily close	Rise low → high	Fall high → low
2015 to 2017January 14, 2015 to December 16, 2017	did not yet exist
2018 to 2021December 15, 2018 to November 8, 2021	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken
2022 to 2025November 21, 2022 to October 6, 2025	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken
since 2026, ongoingJune 30, 2026 to September 17, 2026	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken

If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.

Technical infrastructure

XRT — Robonomics

Excluded after the assessment: Exit depth $270

What it is for

Set out to: Letting robots and IoT devices be commissioned and paid without an intermediary.
Today in addition: Its own parachain on Polkadot and Kusama, Robonomics Web Services as a subscription, connections to smart-home systems.
Notable: Device subscriptions are settled through deposited XRT instead of through per-operation fees.
Strength: Ongoing operation with real devices.
Weakness: A very small circle of users.

Contract address

Chain: Ethereum

0x7dE91B204C1C737bcEe6F000AAA6569Cf7061cb7

Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.

No price chart

For Robonomics no price series is held in this site’s data. The highest and the lowest daily close cannot be measured from that — which is why there is no chart here and no figure in the table below.

The four cycles

Cycle	Lowest daily close	Highest daily close	Rise low → high	Fall high → low
2015 to 2017January 14, 2015 to December 16, 2017	did not yet exist
2018 to 2021December 15, 2018 to November 8, 2021	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken
2022 to 2025November 21, 2022 to October 6, 2025	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken
since 2026, ongoingJune 30, 2026 to September 17, 2026	existed, but not measurable — no admissible price source — not listed at Coinbase, Bitstamp or Kraken

If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.