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ASTER Most coin issuance in the 2025 era was a bloodbath. Of the 118 coins issued that year, about 85% are currently priced lower than the valuation at the time of issuance. In an environment of tightening liquidity, concentrated unlocking pressure and rapid receding narrative, the new currency\'s \"opening high and going low\" is becoming the norm. This reality has also forced the market to rethink the valuation logic-compared with popularity and stories, what can truly retain funds is returning to product progress and sustained cash flow itself.
Tracked 118 TGE launches this year and compared today\'s FDV to the opening price:
· 84.7%(100 out of 118) The current valuation is lower than the valuation at the time of TGE;
·This means that 4 out of approximately 5 newly issued coins are valued below the level at the time of issuance;
·The fully diluted valuation (FDV) of the median token has dropped by 71% since issuance (market value has dropped by 67%);
·Only 15% of tokens have remained \"green\" after TGE (i.e., above the issuance valuation).
Nowadays, participating in TGE is no longer an \"early investment\", which is really sad.
![](\"/d/file/20260630/877ed89494dc4fe497b1a16038cea24a.png\")
![](\"/d/file/20260630/c8f43b274fde475daec17bfb318a6703.png\")
