The crypto market overview from COINOTAG News shows that among 118 tokens issued at 2025 TGEs, roughly 84.7% have a Fully Diluted Valuation (FDV) below the TGE issuance valuation. In practice, about four in five new issues are pricing at a discount to their issuance value, a sign of demand repricing in the post-listing environment. The median FDV has fallen about 71% versus issuance, while the median market cap is down around 67%, underscoring broad repricing across fresh tokens. Only about 15% of tokens recorded an FDV uptick relative to the TGE.

On the downside, 15 tokens show declines of more than 90%, with names such as Berachain, Animecoin, and Bio Protocol illustrating the severity. Overall, the on-paper FDV contracted from an estimated $139 billion at listing to roughly $54 billion today, implying about $87 billion (roughly 59%) of on-paper value evaporated (excluding tokens that went to zero).

By contrast, the report flags standouts among later-2025 launches that posted outsized gains, notably Aster, Yooldo Games, and Humanity, each registering triple-digit rises from their initial valuations. This pattern suggests that lower initial valuations paired with improving fundamentals can yield meaningful upside amid a cautious market backdrop.