According to a report on April 30 from CoinGecko, 52.7% of the 3.7 million cryptocurrencies listed on GeckoTerminal since 2021 are no longer in existence.
This failure rate is increasing, with 1,821,549 dead projects in just the first quarter of 2025, a 31.8% increase compared to the entire year of 2024. The cryptocurrency industry has rapidly grown from 428,383 projects in 2021 to nearly 7 million in 2025. Market volatility, due to Donald Trump's second presidential term, is considered a key factor leading to the increase in dead cryptocurrencies. Retail investors play a significant role in this market, and concerns about an economic recession have led them to reduce investments in risky assets. According to Binance, the launch of memecoin platforms like pump.fun has also contributed to the rise of short-term projects, with 97% of memecoins being dead.