Crypto’s Grand Ball of Tears: 85% Tokens Waltz to Oblivion 🕺💸

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In the grand theater of human folly, where the stage is lit by the flickering glow of LED screens and the air thick with the scent of desperation, the year 2025 has unveiled a spectacle most tragic. New crypto tokens, once the darlings of the digital realm, have plummeted from their lofty pedestals, their value evaporating like morning dew under the scorching sun of reality. A staggering 84.7% now trade below their Token Generation Event valuations, a testament to the fickleness of fortune and the hubris of man. 🌪️💔

Ash, the modern-day chronicler from Memento Research, has meticulously tracked 118 TGE launches this year, only to find that 100 tokens have fallen beneath their opening prices. The median token, once a symbol of hope, has crashed 71% in fully diluted valuation, its market cap shrinking by 67%. Only 15% of these launches cling to their TGE valuations, like survivors in a shipwreck, clinging to debris in a stormy sea. 🌊⚰️

“2025 token launches have mostly been a bloodbath,” Ash penned on X, his words dripping with the irony of a man who has seen too much. “This means ~4 out of 5 launches are below their opening valuation.” Ah, the sweet symphony of greed and ignorance! 🎭💰

The High and the Mighty: A Tale of Woe

Among the fallen, Syndicate (SYND) leads the procession of despair, its value plummeting 93.64% from a starting FDV of $940 million to a meager $59.8 million. Animecoin (ANIME), once a darling of the digital anime enthusiasts, fell 93.59% from $870 million to $55.7 million. Berachain (BERA), with its grand ambitions, dropped 93.17% from $4.46 billion to $305 million. Such is the fate of those who dare to dream too big! 🌟💥

2025 token launches have mostly been a bloodbath

Tracked 118 TGE launches this year and compared today’s FDV vs opening:
• 84.7% (100/118) are below TGE valuation
• This means ~4 out of 5 launches are below their opening valuation
• Median token is -71% FDV (-67% MC) from…

– Ash (@ahboyash) December 20, 2025

Bio Protocol (BIO), once a beacon of innovation, crashed 93.05% from $2.06 billion to $143 million. Xterio (XTER) plummeted 92.85% from $420 million to $30 million. Lit Protocol (LITKEY) declined 92.07% from $210 million to $16.7 million. Yala (YALA), Towns (TOWNS), and Nillion (NIL) followed suit, their falls as dramatic as they were inevitable. Even the venture-backed tokens, once thought invincible, suffered double-digit percentage crashes. Mira (MIRA) and Venice Token (VVV) fell 91.05% and 90.83%, respectively, their lofty valuations now but a distant memory. 🏰🔥

The data, spanning both H1 and H2 2025, paints a picture of universal despair. H1 tokens like Bio Protocol, Xterio, Berachain, and Nillion, and H2 tokens like Syndicate, Animecoin, Lit Protocol, Yala, and Towns, all share the same fate. The market, it seems, is no respecter of timelines. ⏳⚖️

Venture-Backed Tokens: The Longest Fall

The worst performers, those who launched with nine and ten-figure fully diluted valuations, have seen their dreams shatter most spectacularly. Falcon Finance (FF), starting at $6.7 billion, fell 85.83% to $949.7 million. OG, with its $4.9 billion launch, dropped 84.42% to $763.6 million. Plasma (XPL), Anoma (XAN), and Plume followed, their declines as steep as they were swift. Even lower-cap launches like Balance (EPT), Tree (TREE), and Camp Network (CAMP) fared no better, their falls a stark reminder of the market’s unforgiving nature. 🪂🌀

“TGE isn’t early anymore reee,” Ash concluded, his words a warning to the retail investors who once believed in the magic of early entry. The edge, it seems, has been dulled, and the once-golden opportunity has turned to lead. 🛑🤑

And so, as the curtain falls on this tragic comedy, we are left to ponder the nature of greed, the folly of man, and the fleeting nature of digital wealth. In the end, perhaps, the only true investment is in wisdom, for it alone does not crash with the market. 📉🧠

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2025-12-21 19:01