Public token sales collapse 95% from peak as Q2 raises just $40M
The cycle-peak collapse tells the story by itself: 95% fewer dollars raised and 90% fewer deals completed versus the prior high, the weakest quarter in four years.
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The cycle-peak collapse tells the story by itself: 95% fewer dollars raised and 90% fewer deals completed versus the prior high, the weakest quarter in four years.
Just 47 ICOs, IDOs and IEOs cleared a combined $40M last quarter, the thinnest public-sale pipeline since 2022 and a 95% collapse from the cycle peak.
The $4B-valuation deal the company lined up with Goldman, Jefferies, and Barclays in January is now on ice, with insiders flagging private fundraising as the alternative path.