New crypto tokens are failing in 2025: 85% below TGE prices

Although the world has not fully accepted cryptocurrencies, we can acknowledge their growing popularity. New cryptocurrencies are being launched, with new ideas and purposes, and paving the way for a stronger digital economy. 

According to recent reports, new crypto token launches have experienced major price declines in 2025. About 84.7% of the recently released cryptocurrencies have been trading below their Token Generation Event valuations. Let’s explore more details regarding this. 

Price Decline of New Crypto Tokens 

Ash Liew, the founder of Memento Research, tracked 118 Token Generation Events (TGEs) launched in 2025 and revealed that the majority of new projects experienced a significant decline. According to the report, 84.7%, or 100 out of 118 tokens tracked, are trading below their initial TGE valuation throughout 2025. 

The median token launched in 2025 recorded a 71% decline in fully diluted valuation since its release. They also experienced a 67% decline in total market cap. In 2025, only 15% of the tokens launched traded above the TGE evaluations.  

Ash Liew wrote on his X account, “2025 token launches have mostly been a bloodbath. This means ~4 out of 5 launches are below their opening valuation.”

High Profile Crypt Suffering the Most 

Some cryptocurrencies received a lot of hype since their launch and are considered high-profile. Based on Ash Liew’s report, the high-profile cryptocurrencies suffered the most significant crashes, with some experiencing a decline of up to 90%. 

Syndicate (SYND) is leading the bloodbath with a 93.64% decline. The crypto started with $940 million FDV and reached $59.8 million. 

Animecoin (ANIME) fell 933.59%, recording an initial price of $870 million to $55.7 million. Third is Berachain (BERA), which dropped by 93.17%, reaching $305 million to $4.46 million. 

Bio Protocol (BIO) is next. It has crashed by 93.05% from a $2.06 billion launch to $143 million, from the current FDV. Xterio (XTER) has a downward trend of 92.85%, from $240 million to $30 million. 

Lit Protocol (LITKEY) declined by 92.07% from $210 to $16.7 million. Yala (YALA) dropped by 91.61% from $240 million to $20.1 million. Towns (TOWNS) have crashed by 91.22% and fallen from $691.8 million to 60.7 million. Million (NIL) went down by 91.21% and slipped from $720 million to $63.3 million. 

Even tokens backed by reputable firms also experienced significant price drops. Mira (MIRA) is funded by a number of major capital firms and angel investors. MIRA fell by 91.05% from $1.4 billion to $125.4 million. Venice Token (VVV) is another one that experienced a decline of 90.83%, falling from $1.23 billion to $112.4 million. 

Tokens backed by institutional investors recorded the slowest growth 

The tokens launched with nine-figure and ten-figure fully diluted valuations recorded the slowest growth. Falcon Finance (FF) began at $6.7 billion FDV and dropped from 85.83%, reaching 949.7 million. OG was launched at $4.9 billion and experienced a fall by 84.42% to $763.6 million. 

Plasma (XPL) started trading at $12.97 billion and crashed 89.93% to $1.31 billion. Another one, Anoma (XAN), dropped by 90.22% from $1.6 billion to $156.2 million. Plume fell by 87.84% from 1.3 billion to $158 million. 

Lower-cap cryptos also faced a significant drop. Balance EP dropped by 90.60%, falling from $170 million to $16 million. Tree (TREE) fell by 89.34%, from $670 million to $71.4 million. Camp Network (CAMP) declined by 89.11%, dropping from $637 million to $69.4 million. 

Bottomline 

New crypto tokens are trading below their TGE price levels due to various reasons. The first factor is that the number of launches is too high, and they are competing for a limited investor capital. Moreover, retail investors are more cautious about new investments as they faced significant losses in previous cycles. New crypto tokens cannot compete with the established ones like Bitcoin, and investors are more likely to turn away from small and riskier altcoins. 

Many new tokens have high Fully Diluted Valuation (FDV) compared to the initial supply. As a large number of tokens enter the market, it creates downward pressure if the prices do not keep up. Additionally, uncertainties in global markets also reduce the interest in new assets.