More than 84% of new Altcoins are trading below their launch value.

The altcoin market in 2025 is witnessing a worrying situation: the majority of new tokens launched are experiencing significant value drops shortly after a short-term listing. According to data published by Ash – an analyst at Memento Research, the token issuance (Token Generation Event – TGE) this year has turned into a real “bloodbath” for investors. Over 84% of New Altcoins are Trading Below Their Launch Value Out of a total of 118 token projects tracked from the beginning of 2025 to now, 84.7% are trading with an FDV (Fully Diluted Valuation – lower than at the time of the TGE. This means that for every 5 tokens launched, nearly 4 tokens perform poorly after being listed. Notably, the median token in the research group has: Fall 71% FDVFall 67% market capitalization Since the time of issuance. Only about 15% of the tokens can maintain a price higher than the TGE price – a very modest figure. A Series of “Blockbuster” Projects Vanish More Than 90% in Value Data also shows a severe decline in many projects that were once highly anticipated: Syndicate )SYND(: The initial FDV was nearly 940 million USD, now only about 59.8 million USD, equivalent to a decrease of -93.6%. Animecoin )ANIME( and Berachain )BERA( – two projects heavily promoted at launch – also recorded an FDV drop of approximately -93%. Other projects like Bio Protocol, Xterio, Lit Protocol, Yala, Towns all have FDV decreases ranging from -91% to -93%. Even tokens with relatively good liquidity and trading volume like SuperVerse, Sahara AI, Holoworld, OG, Newton Protocol are not immune to the overall trend, with FDV reductions from -80% to -85%. High FDV When Launched – A Double-Edged Sword A noticeable common point is that projects launched with a very high FDV, even approaching or exceeding the threshold of 1 billion USD, are undergoing extremely strong corrections. The main reasons are: Liquidity is insufficient to absorb the supply. Market demand is weak after the initial FOMO phase. Pressure from token unlock in the future. When speculative capital withdraws, the “sky-high” valuation levels are quickly pulled back to reality by the market, causing the price of the token to plummet. Structural Issues in Tokenomics Design According to Memento Research, this widespread collapse is not just a market cycle issue, but also reflects structural issues, including: The tokenomics design lacks sustainability. The allocation plan and unlocking of supply are unreasonable. The launch timing is not suitable for the market's endurance. The short-term profit expectations are too high, while the actual demand in the secondary market is weak. As a result, investor interest quickly fell right after the TGE, leading to increasing selling pressure. Conclusion: Investors Need to Be More Cautious with New Altcoins The overall picture of altcoins launching in 2025 shows a clear reality: not every new token is an opportunity. In the context where most projects lose 70% to over 90% of their value shortly after listing, chasing TGE, IDO, or media hype poses extremely high risks. For investors, the current stage requires: Evaluate FDV, tokenomics, and unlock schedule. Avoid FOMO mentality with overvalued projects. Prioritize risk management instead of expecting “x10 - x20” short-term. The altcoin market still has opportunities, but it is clearly no longer as easy as in previous cycles.