What the Numbers Show

A new look at 118 crypto token launches in 2025 tells a pretty harsh story. Most of those tokens have lost money since they first hit the market.

The data tracks what is called the token generation event, or TGE – that is the moment a new crypto token becomes available for trading.

Roughly 65% of the launches have dropped 50% or more from their TGE price. And 51% of those have fallen 70% or more.

On the flip side, only 18 tokens – about 15.3% – are still in the green. Those winners have gained a median of 109.7%. But the losers fell much harder: a median loss of 76.8%. That imbalance means the average investor who bought at launch has likely taken a big hit.

Why This Happened

The report groups the tokens by…