Stocks of crypto treasury-focused companies are outperforming their native tokens in 2025, according to recent analysis. Investors are gravitating towards equities due to their clearer governance, audited financials, and leverage opportunities. In contrast, many internal tokens face challenges such as liquidity issues, dilution, and limited real-world applications. This trend indicates a shift in investor preference from token-based exposure to equity structures within the crypto sector. Meanwhile, memecoins like Maxi Doge ($MAXI) continue to attract speculative traders with their high volatility and community-driven strategies.