CoinGecko reported that one in four cryptocurrencies launched since 2021 has failed in the first quarter of 2025, amid a downturn in the crypto market. The data shows that over half of the 7 million tracked tokens have ceased trading, with 1.8 million failures occurring in Q1 2025 alone. This marks the highest failure rate recorded in a single year. The surge in failures is attributed to the increasing ease of token creation, particularly following the launch of the platform Pump.fun in January 2024, which facilitated a flood of low-effort projects and memecoins. CoinGecko noted that last year also saw significant failures, with 1.3 million tokens collapsing, while the previous years had a much lower attrition rate. The study highlights that before 2024, failure rates were relatively low, with only 12.6% of total failures occurring between 2021 and 2023, indicating a significant shift in the market dynamics fueled by increased volatility and questionable project viability.

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