Newly Listed Tokens on Major CEX Decline Median 82% Since January 2025: Delphi Digital

BTC-0.31%
According to Delphi Digital's latest report, since January 2025, newly listed tokens on major centralized exchanges have experienced a median decline of 82%, with a hypothetical $1,000 investment in each token shrinking to approximately $500. Only 12% of tokens have traded above their listing price. The primary headwinds include fixed-schedule token unlocks unlinked to performance (averaging 7% relative underperformance versus Bitcoin per unlock) and weak distribution of protocol revenue to token holders.
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