More than half of the tokens launched in 2025 have ceased active trading

Altcoins continue to lag noticeably behind Bitcoin. According to their assessment, the weakness of altcoins in this cycle has been more pronounced than before. Capital is concentrating in the largest coins, and interest is shifting from riskier tokens to more stable ones. The situation was exacerbated by an influx of new tokens. Out of 20.2 million tokens launched in 2025, about 11.6 million have already stopped actively trading. Many of them entered the market without users, revenue, or a clear business model, and their pricing was based on expectations and hype. As a result, most of them are trading well below their initial valuations. Meanwhile, among smaller and less liquid tokens, recent movements have been less sharp than those of the largest coins. According to analysts, this does not yet indicate a return of risk appetite, but suggests that the main reduction of positions has already likely occurred, and seller pressure is gradually diminishing.