In 2025, a total of 533 public token sales were conducted, yet only 12% of these tokens are currently trading above their issuance price. The largest token sale, PUMP, which raised $600 million, is now trading below its initial offering price. Meanwhile, MYX has emerged as the top performer, achieving a peak return on investment (ROI) of 2,103 times and currently maintaining a 385 times ROI. The data highlights a challenging market environment, with many tokens struggling to maintain their initial value. This has led to a trend of shorter holding periods among investors, reflecting a cautious approach and evolving strategies in response to current crypto price trends.