Crypto projects attracted only $58 million in token public sales from April to the beginning of June, which is 85% lower than the first quarter ($390 million), according to CryptoRank platform report. The number of such placements also fell sharply, from 105 in Q1 to 37 this quarter. May was the weakest month with 13 sales - the lowest since December 2020. Analysts link this collapse to the transfer of capital to traditional markets, particularly in AI-related stocks.

The current performance contrasts with a record-breaking first quarter of 2025, when startups raised $849 million in 429 rounds. Since then, the volume of disclosed leads has been reduced by more than 14 times. Researchers note that investors have become much more cautious about new crypto projects, reflecting both amounts and launch rates. If this trend continues, token public sales could gradually lose their role as a major source of financing for crypto-currency companies.

The additional difficulties of cryptostating are highlighted by statistics from anonymous co-founder DeFi Llama 0xngmi. According to him, projects with their own tokens and a monthly income of more than $1 million close 50% more often than startups without their own coins. This suggests that the presence of an automatic token is no longer a guarantee of sustainability and may create additional operational and regulatory risks, accelerating business closures under current market conditions.