Good thing the VCs, exchanges, market makers and token issuers keep rolling out the same playbook. It’s working really well. I don’t know a single liquid fund that has bought a new token on TGE in over 2 years. That should probably tell you something.

Ash
@ahboyash
12-20
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


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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