Crypto presale activity across major launchpads fell sharply during early 2026, based on fundraising data from PinkSale and GemPad.
PinkSale recorded 685 token sales between January and April 2025. During the same period in 2026, the number dropped to 140, representing a 79.6% decline. The platform states it has hosted 32,500 token sales and raised a combined $1.7 billion.
GemPad experienced an even steeper contraction. The platform dropped from 111 token sales in early 2025 to only 18 in early 2026, an 84% decline.
GemPad also suffered a cyberattack in December 2024. According to a report from Dsecurity, attackers exploited a smart contract reentrancy vulnerability and stole more than $1.9 million from liquidity pools linked to the platform’s liquidity-locking services.
The slowdown follows the cooldown in meme coin speculation after the strong retail trading cycle of 2024 and early 2025.
During the peak period, projects such as Pepe Unchained, Solaxy, and BlockDAG Network raised tens or hundreds of millions of dollars.
At the same time, many newly launched presale tokens performed poorly after launch, with sharp price declines leaving many investors trapped in losing positions. Many of these projects have rug-pulled investors or have been abandoned.
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