2025 Listings Wiped Out | Up to 99.9% FDV Destruction
The 2025 launch cycle has been ruthless. Many of the most hyped new listings collapsed 90–99.9% from their ATH FDV, showing exactly what a failed launch cycle looks like in real time.
Short-term hype ran into thin liquidity, aggressive token unlocks, weak post-launch demand, and a market that stopped rewarding empty narratives. FDVs were priced for perfection, but execution never followed. Once early momentum faded, there was no real demand to support price.
The damage is clear:
• Multiple projects erased 99%+ from peak expectations
• Only a few managed to avoid near-total collapse
• High FDV + low float proved fatal once again
This wasn’t bad luck — it was structural. 2025 punished excess harder than recent years, sending a clear message: launch hype without sustainable demand doesn’t survive.
The real question now isn’t which tokens bounced — it’s which future launches can survive at all.
— Nabiha Noor
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