CoinGecko: Nearly 11.6 million tokens have failed in 2025, accounting for 86.3% of all failures in the past five years

PANews, January 14 – According to statistics from CoinGecko, as of December 31, 2025, 53.2% of the crypto tokens once listed on the GeckoTerminal platform have failed. The vast majority of these failures occurred in 2025, with approximately 11.6 million failed tokens throughout the year, accounting for 86.3% of all failures over the past five years (2021–2025).

The report attributes the sharp decline in project survival rates in 2025 to systemic market turbulence, particularly the "liquidation cascade" event that took place on October 10. Despite the market turmoil, the total number of crypto tokens surged from 428,000 in 2021 to nearly 20.2 million in 2025, mainly due to the ease of issuing tokens through launch platforms, which led to an influx of low-quality meme coins and projects. In addition, platforms such as pump.fun, which launched in 2024, further lowered the threshold for token issuance.