Crypto Collapse: 3.7 Million Cryptocurrencies Gone Since 2021, Halving the Market Post-Pump.fun Era
The cryptocurrency market has undergone a brutal consolidation, shedding 3.7 million tokens since 2021. Nearly half these losses occurred during the 2024-2025 meme coin frenzy fueled by platforms like Pump.fun.
CoinGecko data reveals 52.7% of all cryptocurrencies tracked on GeckoTerminal have failed. The carnage peaked in Q1 2025 with 1.8 million token deaths—representing 49.7% of total failures. This dwarfs 2024’s 1.4 million disappearances, which accounted for 37.7% of that year’s attrition.