Tracking 118 Coins Launched in 2025: 85% Are Below Their Initial Valuation at Launch

深潮Publicado a 2025-12-22Actualizado a 2025-12-22

Resumen

An analysis of 118 Token Generation Events (TGEs) that occurred in 2025 reveals a significant downturn in post-launch performance. The study compared each token's current fully diluted valuation (FDV) to its valuation at issuance. Key findings show that 84.7% (100 out of 118) of these assets are currently valued below their initial TGE price. This indicates that approximately 4 out of every 5 new tokens are trading at a lower valuation than at launch. The median token experienced a 71% decline in FDV (and a 67% drop in market cap) since its release. Only 15% of the tokens analyzed have maintained a valuation higher than at their TGE. The report concludes that participating in a TGE can no longer be considered a form of "early investment" under these market conditions.

Author:Ash

Compiled by: Deep Tide TechFlow

We tracked 118 Token Generation Events (TGEs) launched in 2025 and compared their current fully diluted valuation (FDV) with their valuation at issuance. The results are as follows:

  • 84.7% (100 out of 118) currently have a valuation lower than at TGE;

  • This means approximately 4 out of every 5 newly issued tokens are valued below their issuance level;

  • The median token's fully diluted valuation (FDV) has fallen by 71% since issuance (market cap down 67%);

  • Only 15% of tokens remained "green" (i.e., above issuance valuation) after TGE.

Nowadays, participating in a TGE can hardly be considered "early investment" anymore. How lamentable.

View the complete data via the link

Preguntas relacionadas

QWhat percentage of the 118 tokens tracked from 2025 TGEs are currently valued below their initial valuation?

A84.7% (100 out of 118 tokens) are currently valued below their initial TGE valuation.

QHow does the median token's Fully Diluted Valuation (FDV) perform compared to its issuance valuation?

AThe median token's FDV has declined by 71% since its issuance.

QWhat proportion of the tracked tokens maintained a valuation higher than their initial issuance?

AOnly 15% of the tokens remained 'green' (valued above their initial issuance valuation).

QAccording to the article, what is the current perception of participating in a Token Generation Event (TGE)?

AParticipating in a TGE is no longer considered 'early investment'.

QWhat metric, besides FDV, is mentioned to have declined for the median token since issuance?

AThe market capitalization of the median token has declined by 67% since issuance.

Lecturas Relacionadas

STRC Breaks Below $95: Why Does It Continue to Depeg? Is There Default Risk?

"STRC Falls Below $95: Why the Persistent Depegging and Is There Default Risk?" The article discusses the recent decline in the price of STRC, a perpetual preferred stock issued by Strategy (MSTR) designed to trade around a $100 par value. As of publication, STRC traded at $94.65, raising market concerns. STRC is described as a high-yield cash flow product, offering an 11.50% annual dividend paid monthly. Its "preferred" status grants it priority over common stock for dividends and in liquidation. Key reasons cited for the price depegging include: 1. **Bitcoin's Price Drop:** MSTR's assets are heavily tied to Bitcoin (BTC), which fell over 21% from its recent high, pressuring all Strategy-related products. 2. **Competitive Pressure:** Rival Strive Asset Management's similar product, SATA, offers daily dividends and has maintained its $100 par value with a ~13% yield. In response, Strategy has proposed changing STRC's dividend frequency from monthly to bi-weekly, pending shareholder vote. 3. **Technical Selling:** A break below $100 may have triggered algorithmic selling and stop-losses, exacerbating the decline. Regarding default risk, the analysis suggests it is currently low. Strategy founder Michael Saylor confirmed the June 2026 dividend rate remains at 11.50% with no cuts or suspensions. The company's massive reserve of 843,706 BTC provides a significant backstop for its obligations. Industry opinions are mixed. Some analysts view the BTC holdings as reliable support for dividends, while critics like Peter Schiff warn of potential dividend cuts leading to price crashes and lawsuits. Others highlight inflation risk and the company's ability to reduce dividends without a formal default. In summary, STRC's drop is attributed to BTC volatility, competition, and technical factors. While immediate default risk appears contained, the product faces challenges from market conditions and competitive dynamics.

marsbitHace 14 min(s)

STRC Breaks Below $95: Why Does It Continue to Depeg? Is There Default Risk?

marsbitHace 14 min(s)

AI Trading Cools, South Korean Stocks Plunge 1.8%, Spot Gold Rises 1%, Bitcoin Dives

A sell-off in AI-related stocks, triggered by Broadcom's disappointing earnings forecast, sent shockwaves through global markets. South Korea's KOSPI led Asia's decline, plunging 1.8% as the risks from concentrated chip stock gains and surging leveraged investments came to the fore. The tech-heavy Nasdaq 100 futures fell 0.5% following Broadcom's 14% after-hours plunge, which signaled a slower-than-expected transition to AI clients. This pullback extended Wall Street's weakness, halting the S&P 500's nine-day rally amid hawkish Fed signals and renewed Middle East tensions. South Korean authorities convened an emergency meeting, pledging "immediate measures" against market volatility and warning of record-high stock margin debt. The adjustment rippled across assets: Bitcoin fell to around $64,000, its lowest since February, while safe-haven gold rose 1% on bargain hunting. Oil prices dipped on Middle East ceasefire news. Market analysts noted the sell-off was driven by profit-taking after massive gains, particularly in chip stocks like Samsung and SK Hynix, which now dominate the KOSPI. Wall Street banks are divided on Korea's outlook, with Goldman Sachs raising its target while Citigroup and others warn of overvaluation and a potential bubble. Bridgewater's Ray Dalio noted that great technological shifts often create bubbles. Meanwhile, Fed officials' hints at potential future rate hikes added to the cautious mood ahead of key U.S. jobs data.

华尔街日报Hace 40 min(s)

AI Trading Cools, South Korean Stocks Plunge 1.8%, Spot Gold Rises 1%, Bitcoin Dives

华尔街日报Hace 40 min(s)

Seeking Alpha's Hot Article: Why Might the U.S. Stock Market Crash in June?

In a recent Seeking Alpha article, financial professor and analyst Damir Tokic argues that the US stock market may be poised for a significant crash in June 2026. The core thesis centers on a "mega-bubble" in equities, particularly within the technology sector, which has driven the S&P 500 to near-record valuations, with a Shiller P/E ratio exceeding 40—a level comparable to the 2000 dot-com bubble. Tokic identifies two primary catalysts for a potential collapse. First, he points to unsustainable market exuberance fueled by what he terms the "Trump Stimulus"—massive AI capital expenditure by tech giants, which he believes is politically driven and cannot last. Second, and more urgently, he highlights the escalating Iran war as a critical threat. The ongoing closure of the Strait of Hormuz has created a severe global energy supply crunch. Strategic petroleum reserves are projected to hit critically low operational levels by June, potentially causing oil prices to spike above $200 per barrel and triggering a severe, supply-driven inflationary shock. This scenario, Tokic warns, would force the Federal Reserve's hand. Despite currently maintaining a dovish bias, the Fed would likely be compelled to officially pivot to a hawkish stance at its June FOMC meeting to combat soaring inflation and bond yields. He contends that such a shift—or even a failure to act, which would destroy Fed credibility—could be the trigger that punctures the market bubble. The resulting downturn, he concludes, could rival the bear markets of 2000 and 2008, advising investors to prepare for a major correction.

marsbitHace 1 hora(s)

Seeking Alpha's Hot Article: Why Might the U.S. Stock Market Crash in June?

marsbitHace 1 hora(s)

Trading

Spot
Futuros
活动图片