Shaken by the release of DeepSeek, the crypto market saw a decline in various tokens, with BTC dropping by 5%, ETH by 7%, and SOL by 10%.
Memecoins like PENGU suffered the most, experiencing a 21% drop. The sentiment around gaming tokens has been weak, with top gaming tokens seeing a decrease in price in 2025 year-to-date.
Tokens like MOCA and BEAM dropped by 40% in the first 27 days of the year, while others like GMT, SUPER, BIGTIME, and YGG also faced losses. Looking back, only MOCA and SUPER have seen price increases since January 1, 2024.
Several tokens, including WEMIX, ENJ, GMT, ILV, BIGTIME, XAI, SAGA, MAGIC, and PIXEL, have experienced a significant price fall of up to 75% in this period.
While this performance may be hard to recover from, the price of gaming tokens is not the sole determinant of sentiment in blockchain gaming. Despite the decline, developers have shown resilience in the face of adversity, with projects like Pixels working on sustainable models for play-to-earn economies.
Additionally, there are blockchain games without tokens or those not directly dependent on token performance, such as NFL Rivals, Off The Grid, Champions Tactics, EVE Frontier, and Craft World.
However, projects planning to launch a token in the first half of 2025 may feel uneasy about the current market conditions.