53% of Crypto Tokens Launched Since 2021 Have Failed, Most in 2025 (coindesk.com)
(Monday January 19, 2026 @04:02AM (EditorDavid)
from the magically-disappearing dept.)
=[ "More than half of all cryptocurrencies ever launched are now defunct," [1]reports CoinDesk , citing a new analysis by cryptocurrency data aggregator CoinGecko.
And most of those failures occurred in 2025:
> The study looked at token listings on GeckoTerminal between mid-2021 and the end of 2025. Of the nearly 20.2 million tokens that entered the market during that period, 53.2% are no longer actively traded. A staggering 11.6 million of those failures happened in 2025 alone — accounting for 86.3% of all token deaths over the past five years.
>
> One key driver behind the surge in dead tokens was the rise of low-effort memecoins and experimental projects launched via crypto launchpads like pump.fun, CoinGecko analyst Shaun Paul Lee said. These platforms lowered the barrier to entry for token creation, leading to a wave of speculative assets with little or no development backing. Many of these tokens never made it past a handful of trades before disappearing.
[1] https://www.coindesk.com/markets/2026/01/14/more-than-half-of-all-crypto-tokens-have-failed-and-most-died-in-2025
And most of those failures occurred in 2025:
> The study looked at token listings on GeckoTerminal between mid-2021 and the end of 2025. Of the nearly 20.2 million tokens that entered the market during that period, 53.2% are no longer actively traded. A staggering 11.6 million of those failures happened in 2025 alone — accounting for 86.3% of all token deaths over the past five years.
>
> One key driver behind the surge in dead tokens was the rise of low-effort memecoins and experimental projects launched via crypto launchpads like pump.fun, CoinGecko analyst Shaun Paul Lee said. These platforms lowered the barrier to entry for token creation, leading to a wave of speculative assets with little or no development backing. Many of these tokens never made it past a handful of trades before disappearing.
[1] https://www.coindesk.com/markets/2026/01/14/more-than-half-of-all-crypto-tokens-have-failed-and-most-died-in-2025