POST-TGE SCORECARD FOR 2025'S BIG TOKEN LAUNCHES

Summary from the TLDR Crypto newsletter

Across 2025's major TGEs, only a handful of tokens (AVICI, YieldBasis, SAHARA, and LMTS) are still within ~20–60% of their ATHs and count as clear “winners.” Most launches have retraced 70–90%, making them headline flops for anyone who didn't sell early. This thread ranks projects from S to D tier based on drawdown from ATH, time since peak, and liquidity. Post-launch PnL has been brutal for typical buyers.