The 2025 Token Collapse: 100 of 118 Launches Experience Losses – What Happened?

Overall Market Performance: In 2025, 84.7% of tokens launched are trading below their initial fully diluted valuation, indicating a challenging year for new crypto issuances and widespread underperformance across various sectors.

Outperformers: A few tokens, such as Aster (ASTER), Yooldo Games (ESPORTS), and Humanity (HUMANITY), have significantly outperformed their launch valuations, with increases of over 740%, 530%, and 320% respectively, contrasting sharply with the overall market trend.

Severe Declines: High-profile launches like Syndicate (SYND), Animecoin (ANIME), and Berachain (BERA) have experienced steep declines, with FDV down more than 93%, highlighting persistent post-launch sell pressure.

Valuation Reset: The divergence between starting and current fully diluted valuations reflects a reassessment of market expectations, suggesting that supply expansion has outpaced investor demand, contributing to the overall decline in token valuations.