Statistic: In 2025, it became the norm for new coins to experience a "price drop," with only 15% of projects having a Fully Diluted Valuation (FDV) higher than their Token Generation Event (TGE) period.

BlockBeats News, December 23: According to Ash (@ahboyash), out of the 118 new coins from 2025 TGE, 84.7% (100/118) of tokens have an FDV lower than the FDV at TGE. This means that approximately 4 out of every 5 newly issued tokens currently have an FDV lower than their issuance valuation. The median FDV of these tokens has dropped by 71% compared to issuance (median market cap drop of 67%). Only 15% of tokens have seen an increase in FDV compared to TGE.

At the bottom of the performance list, there are 15 tokens with a decline of over 90%, including some notable projects such as Berachain (-93%), Animecoin (-94%), and Bio Protocol (-93%).

Overall, the total FDV of these tokens has compressed from the initial $139 billion at listing to the current $54 billion, meaning that approximately $87 billion (59%) of the "on-paper" FDV has evaporated (this calculation does not include projects that have gone to zero).

There are also outstanding performers, mostly projects launched in the second half of 2025 with lower initial valuations, including Aster (+745%), Yooldo Games (+538%), and Humanity (+323%).