In 2025, only 12% of the 533 public token sales have remained profitable, according to CryptoRank data reported by PANews. Out of these, just 63 projects are trading above their initial offering price, while approximately 88% are below. Notably, the token PUMP, which initially raised $600 million and peaked at a 2.19x return, has now dropped to 0.48x. Despite initial gains where about 58% of tokens saw returns of 3-6x, most have not sustained these levels. The standout performer, MYX, achieved a peak return of 2103x and still holds a return of over 385x. The overall market has been characterized by sluggishness and speculative sentiment, leading to a focus on short-term investment strategies.