Top Five Token Sales Raise $2.92 Billion in 2025

In 2025, crypto token offerings brought in billions of dollars, but the fundraising landscape was uneven. A significant portion of investment focused on a few leading projects.

Key Takeaways

Total Proceeds: Five token sales accounted for $2.92 billion in 2025.
Leading Sale: MegaETH set a new record with $1.4 billion in bids.
Quick Fundraising: PUMP token raised $600 million in under 12 minutes.
Notable Backing: World Liberty Financial garnered attention with political support and significant fundraising.
Community Focus: Aztec Network emphasized community participation in its token sale.

Altcoins, Crypto

In total, just five token sales were responsible for nearly $2.92 billion, showcasing how investment interest gravitated toward a select few high-profile launches that had strong branding, notable backers, or fascinating narratives.

MegaETH Dominates the Market

MegaETH achieved the largest token sale of the year, completing its initial coin offering (ICO) in October and capturing unparalleled investor interest. The initial bids totaled nearly $1.4 billion, despite the sale being limited to $50 million, leading to an overwhelming oversubscription where demand exceeded supply by 28 times. Consequently, MegaETH reached a fully diluted valuation of around $27.8 billion.

The project benefited from significant visibility within the Ethereum ecosystem, drawing support from influential figures like Vitalik Buterin and Joe Lubin. Once the sale opened on October 27, it quickly raised roughly $50 million within the first five minutes.

Only verified users were allowed to participate, using USDT for transactions, with caps on individual purchases and incentives for long-term holding to ensure alignment of interests. The demand was also buoyed by technical performance, as MegaETH showcased high throughput on its test network, with more than 100,000 users completing KYC checks, indicating strong early engagement.

PUMP Token's Rapid Ascent

After MegaETH's record-breaking sale, pump.fun followed with another swift fundraising effort. The public sale for the PUMP token generated $600 million, with around $500 million coming directly from the token sale and an implied fully diluted valuation of $4 billion. An additional $100 million was raised off-chain via a centralized exchange.

Remarkably, the entire sale wrapped up in under 12 minutes, highlighting the market's ongoing appetite for well-publicized and meticulously organized token launches.

World Liberty Financial Attracts Attention with Political Support

In contrast to PUMP's speed, World Liberty Financial drew interest due to its high-profile backing and extended fundraising timeline. Supported by Donald Trump, this decentralized finance project ranked third in total capital raised, securing around $590 million. Its public sale began in October 2024, where 20 billion WLFI tokens were sold at $0.015 to whitelisted investors—raising $300 million before closing in January 2025.

A subsequent phase offered five billion additional tokens at a higher price of $0.05, concluding in March and contributing another $250 million. Strategic investments bolstered the project, including a $30 million investment from Tron founder Justin Sun, who later joined as an advisor, alongside a $10 million contribution from Web3Port in January.

Monad Surpasses Fundraising Expectations

Monad's performance highlighted growing interest in alternative layer-1 networks. The EVM-compatible blockchain raised $269 million during its ICO hosted by Coinbase in November, comfortably exceeding its initial target of $187 million. The sale attracted over 85,000 contributors, resulting in demand exceeding expectations and an oversubscription of about 43 percent.

This offering included 7.5 billion MON tokens, amounting to 7.5 percent of the total supply. If fully subscribed, the implied valuation reached approximately $2.5 billion. To promote long-term commitment, over half of the total token supply was locked at launch to limit immediate selling pressure.

Aztec Network Focuses on Community Engagement

Lastly, Aztec Network emphasized a community-focused approach in its recent public sale of the AZTEC token, which raised about $61.3 million. The sale attracted widespread participation, with contributors providing 19,476 ETH from over 16,700 wallets between December 2 and December 6. Aztec employed a continuous clearing auction based on Uniswap Labs’ infrastructure, allowing price discovery to occur over several days.

Community involvement was a key highlight, as nearly half of the contributions came from existing users and testnet operators, including early adopters of the now-discontinued Aztec Connect product.

Disclaimer: This content is for informational purposes and should not be considered financial advice. The views expressed in this article are those of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct detailed research before making any investment decisions. The Crypto Basic is not liable for any financial losses.