Post #11769

85% of tokens launched in 2025 are trading below their TGE price Out of 118 tracked token launches in 2025, 100 are now in the red. The median token is down 71% in FDV from its opening price. This wasn't bad luck - it was structural. Here's why: 🔘 Valuations were built on narrative, not revenue. All 28 tokens that launched at $1B+ FDV are underwater - median drawdown of 81%. Falcon Finance launched at $6.7B FDV and lost 86%. Plasma launched at $12.9B and crashed 90%. 🔘TGE became an exit event, not an entry. Up to 80% of airdrop recipients sold on day one. Add insider unlocks on top, and retail was absorbing professional sell pressure from minute one. 🔘Early drawdowns almost never recovered. Only 9.4% of tokens that dropped in weekone ever recovered to their launch price. 🔘The bigger the launch, the worse the outcome. The only bucket with a meaningful survival rate (40% green) was the lowest FDV quartile. 🔘 Infrastructure and AI tokens led the carnage. 60% of all 2025 launches - average decline of 72–82%. Berachain: -93%. Animecoin: -93.6%. Syndicate: -93.6%. The numbers are clear: the TGE playbook is broken. Projects raised billions in private rounds, listed at multibillion-dollar FDVs with no real user base, and retail stepped in as exit liquidity - not as early adopters. 🔗x.com/DWFVentures/status/2021569946522960183 @TOP7ICO