Data: Only about 12% of public token sales in 2025 still above the issuance price

Wu said that, according to Fundraising Digest, there were a total of 533 public token sales in 2025. Currently, only 63 tokens (about 12%) have trading prices still above the issuance price. Among them, PUMP was the largest token sale, raising $600 million, with a historical high return of 2.19x, but it has now fallen below the IDO price, with an ROI of approximately 0.48x; MON’s current ROI is about 0.93x, and XPL’s is about 0.47x. Despite this, approximately 58% of token sales achieved short-term gains of 3–6 times during the initial opening, but long-term performance generally weakened. The project with the highest return in 2025 is MYX, with an ATH ROI of 2103x, currently still about 385 times higher than the issuance price.