Top Projects Launched in September by Fully Diluted Valuation
September 1–30, 2026

Compare that to August: nine launches worth $2.22B combined today, peaking at $2.96B. September's nine sit at $1.92B and topped out at $3.06B, a higher peak than August but a deeper fall. That's 37% below their combined high, versus 25% for August's class. The market is still paying up on launch day, but it's giving the gains back faster.

$MCAT $CT $XDP $ORBIO $GNOT $TREAD $LAPTOP $MHA $BUN

The steepest drop belongs to Magne AI. It peaked at $553M and now sits at $78M, down 86%. Tread Fi fell from $135M to $79M (-41%), and Bundle Cat went from $123M to $70.7M (-43%). Concrete is holding up best at $479M against a $510M ATH, just 6% off its high, with Gno.land and Orbio the only other launches still within 20% of their peaks.

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