According to Milk Road (@MilkRoadDaily), most crypto tokens on the market lack strong fundamentals, with the majority being created faster than new investors are entering the space. The analysis stresses that ICOs (Initial Coin Offerings) are not equivalent to IPOs and warns traders that the vast majority—about 99.9%—of newly launched tokens are likely to fail due to weak project foundations and oversupply. For effective trading, Milk Road recommends filtering tokens by assessing utility, team credibility, and actual user adoption before making investment decisions (source: Milk Road, May 2, 2025).