Performance Across the Year's Largest Token Sales

Date: 25th November 2025

Executive Summary

This report analyzes the performance of the year's largest token sales, comparing their Return on Investment (ROI) and Fully Diluted Valuation (FDV) metrics at different stages post-launch.

Token Performance Analysis

1. PUMP.FUN

Sale Metrics:

• Sale FDV: $4B
• Amount Raised: $600M

Performance Indicators:

• ROI/FDV 10 After Launch: 1.45x / $5.8B
• ROI/FDV 300 After Launch: 1.5x / $3.8B
• Current ROI/FDV: 0.68x / $2.7B

2. WLFI

Sale Metrics:

• Sale FDV: $1.5B – $5B
• Amount Raised: $550M

Performance Indicators:

• ROI/FDV 10 After Launch: 6x / $30B
• ROI/FDV 300 After Launch: 4x / $20B
• Current ROI/FDV: 3.1x / $15.5B

3. MONAD

Sale Metrics:

• Sale FDV: $2.5B
• Amount Raised: $187.5M

Performance Indicators:

• ROI/FDV 10 After Launch: 1.5x / $3.9B
• ROI/FDV 300 After Launch: ??? (Data unavailable)
• Current ROI/FDV: 1.5x / $3.9B

4. Plasma

Sale Metrics:

• Sale FDV: $500M
• Amount Raised: $51.8M

Performance Indicators:

• ROI/FDV 10 After Launch: 17.6x / $8.8B
• ROI/FDV 300 After Launch: 7.5x / $3.7B
• Current ROI/FDV: 4x / $2.1B

Key Findings

Best Performing Token

Plasma demonstrated the strongest initial performance with an impressive 17.6x ROI within 10 days after launch, though this has moderated to 4x currently.

Most Stable Performance

MONAD has maintained consistent 1.5x returns from the 10-day mark through to current date.

Largest Fundraise

PUMP.FUN raised the highest amount at $600M but is currently trading below its initial sale price (0.68x ROI).

Best Current Returns

WLFI currently offers the best returns to early investors at 3.1x, maintaining strong performance throughout the tracking period.

Glossary

FDV (Fully Diluted Valuation): The total value of all tokens if they were in circulation
ROI (Return on Investment): Multiple of initial investment
After Launch: Days following the token's public launch