A new analysis by GeckoTerminal has revealed a sobering reality: since 2021, more than 3.7 million cryptocurrency tokens have failed. What’s even more striking is that nearly half of those failures occurred within just over a year — during the explosive memecoin phase driven by Pump.fun.

🔹 In the first quarter of 2025 alone, 1.8 million tokens disappeared, making up nearly 50% of all token deaths since 2021.

🔹 In 2024, an additional 1.4 million projects collapsed, accounting for almost 38% of failures. Combined, these two years mark the worst wave of shutdowns in crypto history.

Massive Failures Mirror Explosive Token Growth

As the number of dead tokens climbs, so does the number of new ones being launched. Back in 2021, there were just 428,000 tokens listed on crypto price aggregators. By 2025, that number skyrocketed to almost 7 million.

🔹 Researchers point to Pump.fun as the main catalyst, dramatically simplifying the process of token creation and triggering a flood of memecoins and low-effort projects.

Pre-Pump.fun Was a Quieter Time

Before the launch of Pump.fun in 2024, token failures were significantly lower. From 2021 to 2023, the number of shutdowns remained in the six-figure range, and these three years account for only 12.6% of all token deaths to date.

🔹 “This sharp drop in token survival may also be tied to broader market turbulence,” GeckoTerminal noted — referencing January 2025, when Donald Trump’s inauguration coincided with a downturn in the crypto market and chaos across altcoins.

What Counts as a "Dead Token"?

GeckoTerminal defines “dead tokens” as those that are no longer actively traded. Only tokens that completed at least one trade were counted — inactive or never-launched projects were excluded.

The takeaway? The memecoin mania brought a wave of innovation, hype — and failure. Only the strongest survive in this wild market. The numbers from the past year paint a clear picture: the crypto space remains as brutal and fast-moving as ever.

#MemeCoinCrash , #CryptoNewss , #Web3 , #pumpfun , #crypto


Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“