Tokens launched in Q1, such as TRUMP and MELANIA, are facing extreme downside pressure despite early hype, according to fresh Tokenomist data. The data compared launch prices with current circulating supply and market performance.
In every case monitored, circulating float expanded aggressively while prices collapsed between 86% and 99% since launch.
Massive issuance, collapsing prices
The report highlights a steep increase in circulating supply across a group of newly launched assets, including Official Trump, Melania, Layer, Plume, GoPlus Security, and Bubblemaps.
In most cases, circulating float doubled within three months, placing continuous sell-pressure on secondary markets, causing emission shock.
For example:
- Layer moved from 21% to 31% float and is down 99.7%
- Melania expanded from 25% to 55% and is down 98%
- GoPlus Security moved from 15% to 29% and is down 92%
- Plume moved from 20% to 33% and is down 86%
While individual narratives differ, the market reaction follows a similar pattern: heavy token emissions combined with thin liquidity result in forced price discovery at sharply lower levels.
Liquidity concentration favors majors
The broad rotation into Bitcoin, Ethereum, and real-world asset tokens over recent months has left smaller new launches exposed to liquidity shortages.
With capital gravitating toward majors and RWAs, newer tokens have little structural demand to absorb new supply.
This pattern is typical in phases where liquidity becomes conservative and retail participation fades.
In such environments, emission schedules matter more than product fundamentals, and even genuine use cases may not be enough to protect a token from emission shock.
Surface-level demand isn’t enough
GoPlus Security stands out as a token linked to meaningful cybersecurity infrastructure, yet its price is still down over 92% from launch.
The data reinforces a consistent theme across past cycles: practical utility does not always translate to token value when tokenomics work against holders.
Market watchers attribute token design, vesting schedules, and aggressive post-launch float increases as the primary drivers of these drawdowns, rather than project quality alone.
Final Thoughts
- Token design remains one of the strongest determinants of post-launch price behavior.
- Until new projects prioritize sustainable emissions and tighter supply control, newly issued assets are likely to remain vulnerable to emission shock and long-term price suppression.
