Analysis: Only about 12% of public token sales in 2025 remain above their issuance price

PANews, December 31 – According to Fundraising Digest analysis, only 12% of token sales will remain profitable in 2025. In 2025, there will be a total of 533 public token sale events. Some tokens raised millions of dollars within seconds, but currently, only 63 tokens are trading above their initial offering price.

The largest token sale project was PUMP, which raised $600 million. At its all-time high, the token achieved a 2.19x return, but its current trading price is below the ID0 offering price, with an investment return of about 0.48x. Although PUMP led the market narrative and attracted significant attention, its retrospective EV performance has been weak. The same situation applies to MON (current ROI 0.93x) and XPL (0.47x). However, in the early stages of trading, 58% of token sale projects achieved a robust 3 to 6 times increase under reasonable token allocation, though this growth did not last long.

In 2025, the most profitable token sale project for investors was MYX, which reached an all-time high ROI of 2103x, and its current trading price is still about 385 times higher than the sale price. Overall, this year's weak market environment and the dispersion of investor attention have made token sale investments more challenging, prompting participants to shift toward shorter holding periods and faster profit-taking strategies.