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.
ICOs still command the largest fundraising totals, but IDO platforms are reshaping how new projects reach the market — Fjord Foundry alone ran 202 token sales versus CoinList's 80.
Public token fundraising is no longer a retail-frenzy numbers game — it's a selective capital story. Q4 2021 still tops…
Public-sale fundraising collapsed to $58M in Q2, down 85% quarter-on-quarter, with May logging just 13 sales — the lowest monthly count since December 2020.
Only $58M was raised across IEOs, ICOs, and IDOs last quarter, an 85% QoQ drop, with just 37 public sales — the lowest tally since the 2020 cycle trough.
The pipeline is thin and dollar-modest — KAI alone accounts for the bulk of announced raise size across CTR, STRATO, CLIX, DIFF, KAI, and BYZAN.