PANews reported on December 31st that, according to Fundraising Digest analysis, only 12% of token sales in 2025 will remain profitable. A total of 533 public token sales are scheduled for 2025. Some tokens raised millions of dollars in just seconds, but currently only 63 tokens are trading above their issue price.
The largest token sale was PUMP, which raised $600 million. The token achieved a 2.19x return at its all-time high, but is currently trading below its IDO offering price, with a return on investment of approximately 0.48x. Despite leading the market narrative and attracting significant attention, PUMP's retrospective EV performance has been weak. The same applies to MON (currently at 0.93x) and XPL (0.47x). However, in the early stages of trading, 58% of token sales, with reasonable token allocations, still achieved robust gains of 3 to 6x, but this growth was not sustained.
In 2025, the most profitable token sale project for investors was MYX, which boasted a return on investment of 2103 times at its all-time high, and its current trading price is still approximately 385 times higher than the sale price. Overall, this year's weak market environment and the dispersion of investor attention have made token sale investment more difficult, prompting participants to adopt shorter holding periods and faster profit-taking strategies.



Ethereum co-founder Vitalik Buterin defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling,” sparking backlash. Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days. His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana which only needs two days to unstake. He has since deleted the posts. However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”Read more