Yes there is a probability, because in every new project we can never know if this will going to succeed or not, if we can see, so many project has discontinued because they will never get the target funding, so in everything we need to be aware and do our own research.
even for new projects that have been listed on the stock exchange, never invest without good analysis.
Assets that are new to the exchange sometimes just create a quick hype and then fall sharply. and it can last a very long time.
if you want to invest in a new project that is already on the market, you can make sure they have experienced dumps and pumps several times. And don't do it for the long term. it can increase the risk even greater.