Around one in four cryptographic tokens launched since 2021 have failed in the first quarter of this year in the middle of a recession of the cryptographic market and the creation of tokens becomes easier than ever, says the Crypto Coingcko data platform.
Since 2021, almost 7 million cryptocurrencies have been included in the Coingcko Geckoterminal tokens tool, and more than half, or 3.7 million tokens, “since then they have stopped operating and are considered failed,” said 30º Shaunystoryst.
“Wiring, the first quarter of 2025 only saw the collapse of 1.8 million tokens,” he added, which is “the largest number of failures recorded in a single year.” It also includes just under half or all failures and representatives of a quarter of all tokens launched since 2021.
Coingcko recorded tokens with at least one operation before disappearing and just pumping. Disco tokens that graduated, or complete the union curve of the tokens creation platform.
Lee linked the recent Token Token Die-off with the broader market of the market “after the inauguration of Donald Trump in January, which saw Bitcoin (BTC) reach a maximum, but was followed by a sharp slowdown in the cryptography market.
More cryptographic tokens used to survive
Last year he saw the second highest number of tokens failures at 1.3 million, and in comparison, Lee said that the previous three years had a much lower dropout rate.
Lee attributed the number of tokens balloons and their faults in the tokens creation tool pump.
Pump.fun was put online in January 2024. The Coingcko report shows that last year had the largest number of new cryptographic tokens with more than 3 million launched, compared to 2023, which saw only 835,000.
“Before the Pump.Fun launch in 2024, cryptocurrency failures numbered in the low six digits. Project failures between 2021 and 2023 represented only 12.6% of all cryptocurrency failures in the last five years,” Lee said.
Bump.fun’s graduation rate, where tokens trade moves from the site, has never been particularly high, with approximately 98% or tokens failing.
The best performance week of the platform until now was in November 2024, when 1.67% of Memecoins went to the open market.
Related: Tokens ai, memecoins dominate cryptographic narratives in the first quarter of 2025: Coingcko
The founder of Coingcko, Bobby, said in a March 6 report that the interest of Memecoin investors seems to have cooled after a series of bad launches, pointing out the consequences of the launch of Token Libra (Libra).
Pump.Fun had a weekly negotiation volume after the launch of the Trump Memecoin on January 18, but both the crypto and values markets were affected with extreme volatility from March after Trump threats of tariffs sweep.
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