Bitpanda’s Vision Token Has Lost Three Quarters of Its Value. Now Lawyers Want Millions Back.

In July 2025, Bitpanda celebrated a strong start for its new Vision token VSN. The token, created by merging Bitpanda’s older BEST and Pantos (PAN) tokens, was listed on Kraken, KuCoin, Gate.io and MEXC and at times rose more than 40 percent on its first day. Its market cap stood at almost $700 million, around €600 million at the time. A little over a year later, little of that is left. VSN trades at around €0.03. At the time of the swap, one VSN was worth around €0.11 to €0.12 based on the fixed exchange rates. Anyone who swapped their BEST and PAN into VSN back then has lost about three quarters of their value.