Polkastarter

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.