PANews reported on October 10th that according to CoinDesk, several new tokens have recently experienced significant pullbacks after their launch, raising questions about the Time-Based Enabling (TGE) model ahead of a series of airdrops. CAMP, the native token of the AI-powered Layer1 blockchain, has plummeted 88% since its launch last month, while DoubleZero's 2Z token has lost 60% of its value in just eight days. Anoma's XAN token has also seen a significant drop, falling 60% in a week. XPL's price fell below its TGE issue price on Friday due to widespread negative sentiment surrounding the alleged founding team token sale, a claim denied by the company's founder.
There are several reasons behind the dismal performance of newly listed tokens. One is excessive pre-launch hype, which means that when the tokens finally come to market, users are often content to receive a return on their investment rather than continue to increase their holdings. Another reason is token economics. XPL's woes were attributed to $813 million worth of "ecosystem and growth" tokens, which were allegedly sold through market makers, putting pressure on prices and exceeding retail investor demand. With major airdrops coming up for MetaMask, OpenSea, and Monad, some worry that the 2025 "airdrop season" could see similarly weak performance if supply outstrips demand.


Crypto venture funding was weak in November, with only a few major raises driving totals, as overall deal activity reached one of its lowest points this year. Venture capital funding in the cryptocurrency sector remained muted in November, continuing a broader slowdown that has persisted through late 2025. Deal activity was once again concentrated in a small number of large raises by established companies.As Cointelegraph previously reported, the third quarter saw a similar pattern: total funding climbed to $4.65 billion, according to Galaxy Digital, but deal counts lagged as capital flowed primarily to bigger, more mature firms.November reflected the same divergence. Figures from RootData showed only 57 disclosed crypto funding rounds during the month — one of the weakest tallies of the year — despite headline-grabbing raises such as Revolut’s $1 billion round and Kraken’s $800 million raise ahead of its anticipated initial public offering.Read more
