The post Binance Wallet shines, but token sales, VC funding slow down in August appeared on BitcoinEthereumNews.com.

Crypto fundraising through token sales totally reversed the trend from July, with volumes diminishing for both VC funding rounds and IDO/ICO raises. Despite the price records, fundraising attracted caution, with both the number of deals and their monetary value falling in the past month. August was a slow month for token sales and fundraising, with both the number of deals and their monetary value sliding. Based on Cryptorank data, IDO/ICO sales and VC-backed rounds took a downturn in August, reflecting a historically slow period for crypto.  Returns from token sales on Binance Wallet took the lead, as buyers looked for the most liquid ecosystems. | Source: Cryptorank As attention shifted to DeFi and ETH, new token launches took a hit. July’s bottom line for token sales was also padded by the Pump.fun ICO. As Cryptopolitan reported, Pump.fun sold out its ICO in 12 minutes, completing the third-largest sale in the history of crypto.  However, the success of one ICO did not revive ICO season. Projects are generally more skeptical of token launches, mostly due to competition from memes and general buyer skepticism.  IDO, IEO and ICO token sales slow down since March As a result, August saw only 63 token sale deals from various platforms, raising around $53M. Despite the overall recovery of blue-chip assets, the ICO and IDO market has been in decline since March, with the trend becoming even more visible. August also marked a one-year low in terms of the number of deals, breaking down below the usual level of around 100 crypto deals per month.  The IDO and ICO token activity has also switched venues from PancakeSwap to Binance Wallet. Tokens from Binance Wallet events have the highest returns, based on Cryptorank data. The success of token sales also depends on the presence of incentives and…

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Filed under: News - @ September 1, 2025 11:26 am