Get Out Now!Are you aware that 53% of all cryptocurrency offerings since 2021 have failed?
Are you aware that 45% of all cryptocurrency offerings since 2021 failed in just the past year?
Well, now you do.
More than half of all cryptocurrencies ever launched are now defunct, with most failures occurring in 2025, according to a new analysis by CoinGecko.
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.
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