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

PANews December 31 News, according to Fundraising Digest analysis, only 12% of token sales remain profitable in 2025. In 2025, there were a total of 533 public token sale events. Some tokens raised millions of dollars within just a few seconds, but currently only 63 tokens are still trading above their issuance price. The largest token sale project is PUMP, which raised $600 million. This token achieved a 2.19x return at its all-time high, but its current trading price has fallen below the ID0 issuance price, with an investment return of approximately 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 return of 0.93x) and XPL (0.47x). However, in the early trading phase, 58% of token sale projects achieved steady gains of 3 to 6 times with reasonable token distribution, but these gains were not sustained long-term. In 2025, the most profitable token sale project for investors is MYX, with a historical maximum return of up to 2103x, and the current trading price remains about 385 times higher than the sale price. Overall, the weak market environment this year and dispersed investor attention have increased the difficulty of token sale investments, prompting participants to shift toward shorter holding periods and faster profit-taking strategies.