CryptoRank reported a sharp 85% decline in public crypto token sales for Q2 2026, with total funds raised falling to $58 million.
Quarterly Fundraising Overview
During the first quarter of 2026, investors pumped roughly $390 million into 105 public token offerings, a modest figure compared with earlier in the year. The second quarter collapsed to just $58 million, confirming the weakest fundraising period for ICOs, IDOs, and IEOs in five years. This contraction signals a severe cooling of the crypto market’s public fundraising engine.
Monthly Performance Snapshot
April 2026 generated only $15 million across 20 sales, while May’s activity dipped to about $41 million from just 13 offerings—the lowest monthly count since December 2020. June, still in progress, has recorded four sales that together raised roughly $2 million. These monthly figures illustrate how blockchain investors are pulling back from new token launches.
Historical Context and Market Share
January 2025 alone saw $654 million raised, and the quarter that followed peaked with 429 sales delivering just under $850 million, establishing a high-water mark for the sector. Since that peak, the market has shed more than 93% of its quarterly fundraising volume in dollar terms. Between Q1 2024 and Q2 2026, public token sales