Meme Coin Mania Backfires as Projects Collapse in 2025

  • Over 3.7 M crypto tokens launched since 2021 have become inactive as of March 2025.

  • 1.8 million crypto projects failed in Q1 2025, the highest recorded in a single quarter.

  • Meme coin surge and pump.fun launches fueled record token failures in 2024 and 2025.

The cryptocurrency market’s well-known volatile nature has led to the failure of many projects.  According to GeckoTerminal and CoinGecko statistics, over 50% of new cryptocurrencies introduced since 2021 are no longer active in the market. The growing number of failed tokens has raised concerns about the long-term sustainability of the crypto ecosystem. 

The Scale of Cryptocurrency Failures

The statistics from GeckoTerminal show that 3.7 million cryptocurrency projects out of 7 million listed in 2021 have stopped trading as of March 31, 2025, leading to 52.7% token failure. The failure statistics tracked a significant downward trend, reaching their highest numbers in the first quarter of 2025, witnessing 1.8 million project failures, amounting to 49.7% of the total failures recorded between 2021 and 2025.

The rapid increase in failures occurs concurrently with general market instability after majo…

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