2025 Crypto Token Launches: 84.7% Trade Below TGE Valuations

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Crypto market data shows 84.7% of 2025 crypto token launches trade below their Token Generation Event (TGE) valuations. Ash from Memento Research tracked 118 TGEs, finding 100 tokens underperforming. The median token lost 71% in fully diluted valuation, with market cap down 67%. Only 15% of tokens outperformed TGE prices. High-profile projects like Syndicate (SYND), Animecoin (ANIME), and Berachain (BERA) fell over 90%. Even top-tier venture-backed tokens like Mira (MIRA) and Venice Token (VVV) saw double-digit declines.
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