The number of tokens in the cryptocurrency market is increasing day by day.
Because many new altcoins are released every day. However, while some of these altcoins are successful and survive, most tokens fail and become history.
At this point, cryptocurrency data platform CoinGecko said that 1.8 million cryptocurrencies failed in the first quarter of 2025. It was also stated that this figure constitutes a quarter of all tokens released since 2021.
This increase was seen in conjunction with market volatility and platforms like Pump fun, which has a 98% failure rate.
One in Every 4 Altcoins Disappeared!
CoinGecko reported tracking 7 million tokens since 2021. It found that more than half of them failed, with 1.8 million tokens disappearing in the first quarter of 2025 alone.
CoinGecko analyst Shaun Paul Lee said that since 2021, around 7 million cryptocurrencies have been listed on token tracking tool GeckoTerminal, and more than half of them, or 3.7 million tokens, have disappeared and are considered failed.
“Alarmingly, 1.8 million cryptocurrency projects failed in the first quarter of 2025 alone. This is the highest number of failures ever recorded in a single year and accounts for a quarter of all tokens launched since 2021.”
Lee attributed the rapid increase in the number of tokens and their failures to Pump fun, a token creation tool that simplifies the token creation process, paving the way for memecoins and low-effort projects to enter the market.
Stating that Pump.fun was launched in January 2024, Lee said that after this date, more than 3 million new tokens were released in 2024, making 2024 the year in which the most tokens were issued.
*This is not investment advice.