Most TGEs in 2025 turned out to be failures - ForkLog: cryptocurrencies, AI, singularity, future

# Most TGE in 2025 turned out to be failures

100 out of 118 (84.7%) tokens launched in 2025 are trading below their initial metrics. This was noted by a researcher under the pseudonym Ash.

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… pic.twitter.com/dtCHTvedpZ

— Ash (@ahboyash) December 20, 2025

The user compiled a table comparing the current FDV and the market capitalization of coins with their starting values.

The average depth of decline for diluted value was 71%, while for market valuation it was 67%.

*«*TGE is no longer an early stage [for the project], hooray!» — Ash jokes.

Among the most failed launches:

• SYND (-93,6% in FDV);
• BERA (-93,5%);
• ANIME (-93,1%).

The most successful coins were:

• ASTER (+744%);
• ESPORTS (+537%);
• H (+323%).

In the comments under the post, community members pointed out the end of the era of successful TGE. Many note that the failures are mainly related to the lack of utility of the token and “inflated” valuations.

“Earlier, TGE was the starting point, now it is the exit,” added one of the users.

Recall that in December, the Bittensor AI network token fell by 8% after the first halving.