Why Crypto's New Token Issuances Are Falling Flat and What Comes Next

Source: CryptoNewsNet Original Title: Why crypto’s new token issuances are falling flat and what comes next Original Link: For much of 2025, a simple rule held: if a new token hit the market, its price probably went down.

Data from Memento Research, which tracked 118 token generation events last year, shows that roughly 85% are now trading below their initial valuations. The median token is down more than 70% from where it started.

That stands in stark contrast to the previous bull cycle in 2021, when a number of high-profile tokens — including MATIC, FTM and AVAX — surged after launch, buoyed by a frothy altcoin market and insatiable risk appetite.

A Rough Year to Be New

The weakness showed up early and persisted throughout 2025. Tokens that debuted on major centralized exchanges, including certain head-tier platforms, often sold off almost immediately. Instead of signaling momentum, exchange listings increasingly became a warning sign.