Dead On Arrival: 25% Of New Crypto Tokens Didn’t Survive Q1 ’25
In the first quarter of 2025, 1.8 million crypto tokens collapsed, representing nearly 25% of all tokens issued since 2021. Over half of the 7 million cryptocurrencies listed since 2021 have ceased trading, marking a significant increase in the mortality rate of tokens. The first three months of 2025 saw more failures than any entire year on record, contrasting sharply with the 12.6% of failures from 2021 to 2023. The surge in token failures began in January 2024 with the launch of Pump.fun, an easy token creation tool that led to over 3 million new tokens in 2024. Approximately 98% of tokens created on Pump.fun do not survive. Market volatility, particularly following Donald Trump's presidency and threats of tariffs, has exacerbated the situation, dampening investor interest in memecoins and contributing to the ongoing decline in the crypto market.
