85% of Tokens Launched in 2025 Have Fallen Below Their Market Entry Price
According to an analysis by Memento Research, 85% of tokens launched in 2025 have fallen below their initial listing price. The study of 118 token generation events (TGEs) found that 84.7% of assets are trading below their starting valuation, with two-thirds losing over 50% of their value. A significant 38% have experienced a devastating 70-90% decline, entering what analysts term the "token graveyard zone."
Notably, all 28 tokens with a high initial fully diluted valuation (FDV) of over $1 billion are in the red, with a median decline of 81%. The worst-performing category was infrastructure projects, which formed the bulk of the sample and fell an average of 72-82%. The DeFi sector performed relatively better, with 31.6% of its tokens still trading above their TGE price.
The report concludes that purchasing tokens at launch in 2025 was largely unprofitable. Success was limited to assets with a low starting valuation; in this group, 40% traded above their launch price. For all other segments, the median decline ranged from 70% to 83%, indicating that the TGE often marked a price peak followed by a sharp correction.
RBK-crypto12/23 07:45
