2025 LISTINGS GOT OBLITERATED: UP TO 99.9% ERASED FROM ATH FDV
This is what a failed launch cycle looks like in real time. The hottest 2025 listings went from euphoric valuations to near-total destruction, with many now sitting 90–99.9% below their ATH FDV.
What happened? Short-lived hype met thin liquidity, aggressive unlocks, weak follow-through demand, and a market that stopped rewarding narratives. FDV numbers were priced for perfection — but execution never showed up. Once early momentum faded, there was nothing underneath to catch the fall.
The damage is brutal:
- Multiple projects wiped 99%+ from peak expectations
- Only a handful avoided total collapse
- “High FDV, low float” proved fatal again
This isn’t just bad luck — it’s structural. 2025 punished excess harder than any recent year. And it sent a clear message: launch hype without real demand is a death sentence.
The real question now isn’t which tokens bounced — it’s which future launches survive at all.
