Crash of New Tokens - 85% Launches Went to the Bottom

According to data collected by analysts and the community, almost all projects that conducted a Token Generation Event suffered significant losses. One X user published detailed statistics based on 118 major launches, which shocked investors: 84.7% of tokens are trading below their initial valuations. This means that out of every five launches, four turned out to be unprofitable for participants.

Median Drop of 71%

The analysis shows that the median drop in fully diluted value was -71%, and market capitalization, -67% from initial indicators. Only 15% of tokens managed to show growth compared to TGE. Research from Memento Research, published on X, includes a table with 40+ projects, where the vast majority are in the red zone. Here are key examples from the table:

These data confirm the trend: most projects, such as Syndicate or Animecoin, lost over 90% from the starting FDV. Even hyped projects did not avoid the crash.

BeraChain - From Hype to Disappointment

BeraChain stands out particularly, taking an "honorable" third place in the ranking of failures. This L1 blockchain, which was hyped at the beginning of the year, lost 93.17% from the initial FDV ($4.46 billion to $305 million). Now its daily active users (DAU) are three times lower than Starknet's, according to Artemis Analytics data. This illustrates a broader problem: many projects launch with inflated valuations but cannot retain users or liquidity.

Why Did This Happen?

Our research based on data from X and web sources shows several reasons for the mass crash:

• Many projects started with billion-dollar FDVs but without real demand. As noted by CoinDesk analysts, L1 tokens were generally undervalued in 2025 despite regulatory wins.
• After TGE, there is a massive sell-off that destroys the price. In X discussions, users complain about "liquidity exit" for retail investors.
• After launch, projects often lack further updates. For example, out of 118 projects, only 18 remained "green."
• Overall crypto performance in 2025 was weak – BTC fell by 7.7%, ETH by 12%, and new tokens like ENA or SUI lost 64-76%. However, some sectors, like RWA (Real World Assets), showed growth of 179%.

Research from Grayscale and VanEck confirms: 2025 was a "transitional" year, with weakening on-chain metrics, but with potential for recovery thanks to institutional interest. Launchpads like Binance Wallet (ROI 7.7x) still offer chances, but the risk is high.

2025 proved that TGE is no longer an "early entry" - it's often the peak for insiders. The market is evolving: focus on AI, RWA, and PoW (like KAS or ALPH) could become the new trend.