Crypto Token Failures Surge Amid Market Downturn in Early 2025
Nearly one in four crypto tokens launched since 2021 collapsed in the first quarter of 2025, as market instability and lower barriers to token creation accelerated project failures. CoinGecko’s analysis reveals a staggering 52.7% failure rate among the nearly 7 million tokens tracked since 2021, with 3.7 million now defunct.
The first three months of 2025 alone accounted for 1.8 million token failures—nearly half of all recorded collapses. This dramatic attrition coincides with broader cryptocurrency market turbulence and shifting regulatory landscapes under the new U.S. administration.