9 in 10 New Tokens Crash Within a Year

A new report from CoinGecko reveals that nearly 90% of tokens listed on major centralized crypto exchanges fall below their debut price within 12 months. The study analyzed listing performance across the top 12 centralized exchanges and found that only about 32% of newly listed tokens record positive price action in their first 30 days of trading.

This number drops significantly over time, with just 25% of tokens remaining above water after 60 days. By the one-year mark, fewer than 10% still trade above their initial listing price on most platforms.

The report also highlights the dominance of stablecoins in spot trading, with Tether (USDT) and USD Coin (USDC) accounting for 66.6% of all trading pairs and 97.7% of stablecoin-denominated pairs across the surveyed exchanges. Total reserves across those platforms climbed 69.6%, rising from $152.1 billion in early 2024 to $225.4 billion by the end of February 2026.