Crypto token failures soar, with 1 in 4 launched since 2021 dying in Q1: CoinGecko
One in four crypto tokens launched since 2021 have failed in the first quarter of 2025, according to CoinGecko. Nearly 7 million cryptocurrencies have been listed, with 3.7 million considered failed. The first quarter of 2025 recorded 1.8 million token collapses, the highest annual failure rate. This surge in failures is linked to market turbulence following Donald Trump's inauguration, which initially boosted Bitcoin before a downturn. The token creation tool Pump.fun, launched in January 2024, has contributed to the influx of low-effort projects and memecoins, resulting in high failure rates. Last year saw 1.3 million token failures, while prior years had lower attrition rates. Approximately 98% of tokens created on Pump.fun have failed, with only 1.67% successfully moving to the open market. Interest in memecoins has declined due to poor launches and market volatility.
