Crypto Investment Update – December 2025

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2026/01/02/crypto-investment-update-december-2025/

This is a performance update to my crypto portfolio posted here:
https://pwlcm.wordpress.com/2025/12/02/crypto-investment-update-november-2025/

Disclaimer: This post is just for educational sharing purposes. Please do your own due diligence on any products mentioned in this post.

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Tokenize Exchange Update

There was only 1 Liquidator update in December 2025:

• Tokenize Exchange Liquidator Update on 2 December 2025

In essence, the Court had granted the legal fees for the Interim Judicial Managers and would be paid out of Tokenize Exchange's assets. The total sum was SGD444,772.19 and USD8,208.00.

In the IJM first update on 11 September 2025 (refer to my blog post Tokenize Exchange Interim Judicial Managers Update for details), there is only approximately SGD2.6 million of current assets owed by Tokenize Exchange. This means that the IJM legal fees alone amounts to almost 18% of the current assets.

There will surely be legal fees involved with the Liquidation process, likely of similar magnitude, or perhaps even larger amount because it would be a long-drawn process. By the time the Liquidation is completed and ready for distribution to all the investors, we would get back very little percentage against what we invested.

I would write-off my crypto asset holdings in Tokenize Exchange. This blog post would be the last one to provide hypothetical crypto portfolio performance as if the portfolio is intact and realizable.

Market Update

When I was trying to capture my crypto coins market performance, I couldn't find TKX/SGD chart anymore, or TKX/USD chart for that matters. It is expected as TKX fate is really up in the air and no crypto exchange would want to provide quotes for trading.

With that I have replaced TKX chart with LUNA chart, and here are the charts of the 6 crypto coins in my portfolio as of 31 December 2025:

A few key points to note about the crypto coins:

• The 2 main coins BTC/ETH were moving sideways in December 2025.
• The 3 alt coins SOL/ADA/XRP were dropping further in December 2025.
• SOL was holding up above the support level at SGD150.
• ADA and XRP dropped below the previous support levels at SGD0.45 and SGD2.65 respectively.
• Surprised that LUNA had a spike to SGD0.30, but it went back to SGD0.12 by the end of December 2025.

Performance Update

My hypothetical crypto portfolio performance as of 31 December 2025:

In line with the weaken crypto market performance, the hypothetical returns of all the main coins and alt coins in my crypto portfolio in December 2025 had further fallen below their respective returns numbers in November 2025.

Once I wrote off all my crypto asset holdings (i.e. set their quantity to zero), the realistic performance of my crypto portfolio since inception becomes:

ETH wasn't 100% loss because I did liquidate some in December 2024, but the 3 alt coins suffered 100% loss. The Excel XIRR function couldn't compute their Internal Rate of Returns.

As far as overall crypto portfolio is concerned, I managed to achieve a slightly positive returns despite suffering from 2 catastrophic events, namely the UST Depeg Saga and the Tokenize Exchange Cease Operations Saga.

Since I have written off my crypto asset holdings, there won't be any further monthly crypto performance updates. I would only provide Liquidator Updates as and when it happens, and a concluding post when the Liquidation process comes to a closure.