In 2025, Kaito Launchpad introduced 14 projects, with three yet to undergo their Token Generation Event (TGE): Espresso, Billions, and Rise. Only three projects—Limitless ($LMTS), ZKP ($ZKP), and Check ($CHECK)—reported profits compared to their ICO prices. Limitless emerged as the best-performing project, while Play AI ($PLAI) had the worst launch day, and Novastro ($XNL) showed the poorest overall performance. The data reveals that a passive buy-and-hold strategy failed approximately 73% of the time on Kaito Launchpad, a rate worse than common casino games, where winning odds range from 42% to 49%. The report suggests that without stringent project selection and disciplined exit strategies, participating in ICOs may not qualify as a sound investment strategy.