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Market Moves3 min read
Public Token Sales Hit 5-Year Lows — Is Retail Capital Permanently Leaving the Altcoin Primary Market?
Public crypto token sales have collapsed to $58 million in Q2 2026, marking an 85% quarter-on-quarter drop and a five-year low. This structural shift reflects a severe contraction in retail liquidity and a flight to quality, with capital increasingly concentrated in private, institutional venture rounds rather than public launchpads.
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