88% of token sales in 2025 resulted in losses for investors
Only 12% of public token offerings (ICOs) in 2025 remain profitable for investors. Out of 533 conducted token sales, only 63 projects are trading above their starting price, making this year one of the most unsuccessful in the history of the cryptocurrency industry.
The biggest failures of the year The largest in terms of raised funds was the token sale of the Pump.fun platform, which raised a record $600 million. Despite the phenomenal success in attracting capital, the PUMP token demonstrated weak results for investors. At its peak, the return was 2.19x from the initial price, but now the project is trading below the placement cost with a profitability of only 0.48x.
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