According to Coingecko of Crypto Data Platform, about one of the four Crypto tokens launched since 2021 failed in the first quarter of this year, as Crypto Market slump and token creation has become easier than ever.
Since 2021, nearly 7 million cryptocurrencies have been listed on Coingecko’s token tracking tool Geckoterminal, with more than half, or 3.7 million tokens “are considered to have stopped trading and failed,” Coingecko research analyst Shaun Paul Lee said in an April 30 report.
“To my surprise, we saw a collapse of 1.8 million tokens in the first quarter of 2025 alone,” he added. It also consists of less than half of all obstacles, representing a quarter of all tokens released since 2021.
Coingecko recorded tokens in at least one transaction, and only tokens from graduated tokens completed the bonding curve for the token creation platform.
Lee linked the recent Token Die Off to “wide market turbulence” after Donald Trump took office in January when he saw Bitcoin (BTC) peak, but then slumped sharply in the crypto market.
More crypto tokens were used to survive
Last year, the second highest number of token disorders was seen at 1.3 million, and in comparison, Lee said the attrition rate was much lower over the past three years.
Lee believes that the number of balloon tokens and its failures are attributed to the token creation tool pump.
Pump.Fun went online in January 2024. According to a report by Coingecko, more than 3 million new crypto tokens last year were over 3 million compared to over 835,000 in 2023.
“The cryptocurrency failure was a low six-digit number before Pump.Fun was launched in 2024. The project’s failure between 2021 and 2023 accounted for just 12.6% of all cryptocurrency failures over the past five years,” Lee said.
Pump.Fun’s graduation rate, where token transactions move from the site, is more than ever, with around 98% of tokens failing.
The most performing week on the platform so far was November 2024, with 1.67% of memokines moving to the open market.
Related: AI Token, Memocoin Dominates the Crypto Story in Q1 2025: Coingecko
Bobby Ong, founder of Coingecko, said in a report on March 6 that Memecoin Investor’s interest appears to have been cooled down after a series of bad launches, focusing on the fallout from the launch of the Libra token.
Pump.Fun has seen weekly trading volumes rise after Trump’s Memecoin was launched on January 18th, but since March, both the crypto and stock markets have been hit hard.
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