Recent data from CryptoRank reveals that the fully diluted valuations (FDVs) of several notable VCcoin projects launched this year are significantly lower than their initial venture capital valuations. For instance, Humanity Protocol, initially valued at $1 billion, now has an FDV of $285 million. Similarly, Fuel Network's FDV stands at $11 million against a $1 billion initial valuation. Plasma, with an initial valuation of $500 million, currently has an FDV of $224 million, while Camp Network's FDV is $15 million compared to its $400 million initial valuation.