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2026-09-07

How far the top 40 crypto assets are below their all-time highs

market data drawdown research

A −92.7% drawdown needs a +1265% rally to get back to even. That is the median position of the 40 largest crypto assets as of 2026-09-07 — not the worst case, the middle one.

The distribution

Of 40 assets: 32 are at least 80% below their all-time high, and 36 are at least 50% below. Only 4 sit within half of their record.

AssetBelow all-time highGain needed to reclaim itATH set
Filecoin−99.7%+28845%2021-04-01
Starknet−99.3%+14218%2024-02-20
Fantom−99.2%+12052%2021-10-27
Polkadot−98.2%+5516%2021-11-04
Celestia−97.9%+4706%2024-02-10

The arithmetic in the third column is the part that gets skipped. Losses and recoveries are not symmetric: down −90% needs +900% back, down −50% needs +100%. An asset −99.7% from its high is not "one good year" away from its peak.

The other end

AssetBelow all-time highGain needed
TRON−21.9%+28%
Bitcoin−37.0%+59%
BNB−45.7%+84%
Ethereum−49.7%+99%
XRP−61.6%+161%

These are the assets that held the most. Note what they have in common: they are the oldest and largest names in the set, not the highest-beta ones.

The 30-day rally does not change the position

In the 30 days before 2026-09-07, 38 of the 38 assets in this set were up. Over one year, 1 of 40 was — with a median one-year change of −60.4%. A month of green candles and a year of drawdown are not in conflict; they are the same market seen at two zoom levels, and a screenshot of the first one is how most crypto marketing works.

Where these numbers come from

Every figure is a column in the open coin snapshot dataset: pct_from_ath, ath_date, change_30d_pct, change_1y_pct. Harvested from the CoinGecko public API on 2026-09-07, licensed CC BY 4.0, no sign-up. Per-asset pages with the same data: Filecoin, Starknet, Fantom.

*A snapshot, not a live feed. Nothing here is investment advice.*

The figures in this post come from the open dataset behind this site. Download the raw CSV and JSON — CC BY 4.0, no sign-up.