More than 53% of all crypto tokens ever launched are now dead

Coingecko tracked nearly 20.2 million tokens from mid-2021 to end of 2025 and found 53% are no longer actively traded

- 13.4 million tokens failed in total

- 11.6 million of those failures happened in 2025 alone, that is 86% of all deaths in just one year

- Q4 2025 was the worst quarter, 7.7 million tokens wiped in three months

The main reason was platforms like pumpfun making token creation too easy

A flood of low-effort memecoins with no development, no backing, and sometimes just a handful of trades before going silent

Then in October 2025 a $19B liquidation cascade hit, the biggest liquidation event in crypto history, and it crushed what was already a saturated market

For context, only 2,584 projects failed in all of 2021

The market is wide open to launch anything, and that is exactly the problem