Top Five Token Sales Capture $2.92 Billion in 2025
Crypto token offerings surged in 2025, amassing $2.92 billion in fundraising. Investor capital flowed disproportionately, concentrating around a handful of high-profile projects rather than dispersing across the market.
The trend underscores a flight to quality, with capital clustering around established names and innovative ventures. Market participants gravitated toward tokens with clear utility and strong teams, leaving smaller offerings struggling to gain traction.