Over 50% of Cryptocurrencies Launched Since 2021 Have Failed, $3.7 Million Tokens Dead

The cryptocurrency market continues to face significant turbulence, with more than half of all digital tokens launched since 2021 now considered failures. A staggering 3.7 million tokens have disappeared, leaving investors with substantial losses.

Nearly half of these failures occurred during the 2024 memecoin frenzy, particularly on platforms like Pump.fun. The first quarter of 2025 alone saw 1.8 million token shutdowns, potentially linked to market instability following political shifts in the U.S.

Research from GeckoTerminal reveals the alarming scale of this attrition. While established assets like BTC and ETH remain resilient, the broader market shows the speculative nature of many crypto projects. Exchanges including Binance, Coinbase, and Bybit continue to operate amid this Darwinian landscape.