Of the 212 Tokens We Covered in the Week of 21 September 2026, 121 Were Untradeable Within Thirty Days

What We Covered

In the week of 21 September 2026, we covered a total of 212 tokens, all of which were measured at the 30-day checkpoint. This analysis provides a comprehensive overview of the liquidity and tradeability of these tokens.

What Happened

At this checkpoint, 121 tokens were classified as untradeable, indicating they had liquidity below the established floor of $5,000. This represents an untradeable rate of 57%. Additionally, the median liquidity change across the cohort was -95.8%, highlighting a significant decline in liquidity for many tokens over the past month.

By Risk Band

The tokens were categorized into three risk bands based on their characteristics. In the Low band, 4 tokens were covered, with a 0% untradeable rate. The Moderate band included 129 tokens, of which 70 were untradeable, resulting in a 54% untradeable rate. The Elevated band contained 79 tokens, with 51 untradeable, leading to a 65% untradeable rate. This distribution reflects varying levels of risk and liquidity across the different bands.

The Steepest Declines

Among the tokens that experienced the steepest declines were DCAT, SI, STAMPCAT, PFROG, and EQUITY. Each of these tokens saw their liquidity drop from values above $50,000 to $0.0, representing a complete loss of liquidity.

How This Is Measured

The checkpoint is established once at a fixed age of 30 days and remains unchanged. Each token is counted only once, regardless of how many times it has been covered in previous analyses.

Risk Note