New crypto token launches have confronted main value declines in 2025, with 84.7% buying and selling beneath their Token Era Occasion valuations.
Analysis by Ash from Memento Analysis tracked 118 TGE launches this 12 months, discovering that 100 tokens have fallen beneath their opening costs.
The median token has crashed 71% in absolutely diluted valuation since launch, with market cap down 67%. Solely 15% of 2025 token launches commerce above their TGE valuations.
“2025 token launches have principally been a massacre,” Ash wrote on X. “This implies ~4 out of 5 launches are beneath their opening valuation.”
Excessive-profile cryptos endure 90%+ crashes from launch
Syndicate (SYND) leads the destruction with a 93.64% decline from its $940 million beginning FDV to $59.8 million.
Animecoin (ANIME) fell 93.59% from $870 million to $55.7 million. Berachain (BERA) dropped 93.17% from $4.46 billion to $305 million.
Bio Protocol (BIO) crashed 93.05% from a $2.06 billion launch to $143 million present FDV. Xterio (XTER) plummeted 92.85% from $420 million to $30 million. Lit Protocol (LITKEY) declined 92.07% from $210 million to $16.7 million.
Yala (YALA) fell 91.61% from $240 million to $20.1 million. Cities (TOWNS) dropped 91.22% from $691.8 million to $60.7 million. Nillion (NIL) crashed 91.21% from $720 million to $63.3 million.
Even tokens that raised from top-tier enterprise corporations suffered double-digit proportion crashes. Mira (MIRA) fell 91.05% from $1.4 billion to $125.4 million. Venice Token (VVV) declined 90.83% from $1.23 billion to $112.4 million.
The info covers each H1 and H2 2025 launches. H1 tokens embody Bio Protocol, Xterio, Berachain, and Nillion. H2 tokens embody Syndicate, Animecoin, Lit Protocol, Yala, and Cities.
Enterprise-backed tokens face longest drawdowns
The worst performers launched with 9 and ten-figure absolutely diluted valuations. Falcon Finance (FF) began at $6.7 billion FDV and fell 85.83% to $949.7 million. OG launched at $4.9 billion and dropped 84.42% to $763.6 million.
Plasma (XPL) started at $12.97 billion and crashed 89.93% to $1.31 billion. Anoma (XAN) fell 90.22% from $1.6 billion to $156.2 million. Plume declined 87.84% from $1.3 billion to $158 million.
Decrease-cap launches fared no higher. Steadiness (EPT) dropped 90.60% from $170 million to $16 million. Tree (TREE) fell 89.34% from $670 million to $71.4 million. Camp Community (CAMP) declined 89.11% from $637 million to $69.4 million.
“TGE isn’t early anymore reee,” Ash concluded, warning that purchasing tokens at launch not supplies edge for retail buyers.
