Data: Of the 533 token sales in 2025, only 12% remained profitable.

PANews reported on December 29th that, according to CryptoRank data, 533 public token sales were held in 2025, with only 63 projects currently trading above their offering price, representing 11.82%. Approximately 88.18% of tokens are currently trading below their offering price. While some projects, such as PUMP, raised $600 million and achieved a 2.19x return at its peak, it has now fallen to 0.48x. In the short term, about 58% of tokens saw initial gains of 3-6x, but most failed to maintain this momentum. The most profitable project of the year was MYX, with a peak return of 2103x, and it still maintains a return of over 385x. Overall, the sluggish market and speculative sentiment have driven token investment towards a more short-term approach.