Several projects launched through Kaito Kickstarter have experienced significant declines in their fully diluted valuations (FDV) following their token generation events (TGE). Play AI, initially valued at $5,000, now has an FDV of only $2.1 million. Hana Network, with a starting valuation of $40 million, has seen its FDV drop to $10.5 million. Novastro's FDV has plummeted to $1.05 million from an initial $50 million valuation, and Bitdealer's FDV has decreased to $2.8 million from $35 million. Out of the five projects launched by Kaito Kickstarter, four have suffered substantial post-TGE declines, with one project yet to undergo its TGE. This trend highlights the volatility and risk associated with these early-stage crypto investments.