Crypto Crash: Nearly 2M Tokens Fail in Just 3 Months
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The cryptocurrency market is undergoing a severe contraction, with CoinGecko data revealing over 50% of all listed tokens have gone inactive. Since 2021, approximately 7 million crypto projects launched—3.7 million have since collapsed, marking a 52.7% attrition rate. The carnage peaked in early 2025, with 1.8 million failures in Q1 alone.
This year now holds the grim distinction of the highest annual failure rate, accounting for nearly half of all shutdowns since 2021. market analysts point to post-Trump administration regulatory shifts and liquidity crises as probable catalysts for the mass extinction event.
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