Kaito Launchpad's 2025 projects reveal a challenging landscape for investors, with a 73% failure rate for passive holding strategies. Of the 14 projects launched, only LMTS, ZKP, and CHECK are currently trading above their initial coin offering (ICO) prices. LMTS recorded the strongest first-day performance, while PLAI and XNL were the weakest performers. The platform's upcoming projects, Espresso, Billions, and Rise, are still pending their token generation events (TGE). Overall, the data indicates that ICOs on Kaito Launchpad have a negative expected value, highlighting the risks associated with passive investment strategies in this volatile market.