About one in four crypto jet launched since 2021 failed in the first quarter of this year in the middle of a slowdown in the crypto market and the creation of tokens becoming easier than ever, explains Crypto Data Platform Coingecko.
Since 2021, nearly 7 million cryptocurrencies have been listed on the Coindecko, geckoterminal, and more than half tokens monitoring tools, or 3.7 million tokens, “have since stopped negotiating and are considered to be failed,” said Coingecko research analyst, Shaun Paul Lee, in a report on April 30.
“Alarming, the first quarter of 2025 has seen the collapse of 1.8 million tokens alone,” he added, which is “the greatest number of failures recorded in a single year”. It also includes a little less than half of all failures and represents a quarter of all the tokens launched since 2021.
Coingecko recorded tokens with at least one job before going to disappear and only pumping tokens.
Lee linked the recent death token to “wider market turbulence” after the inauguration of Donald Trump in January, which saw Bitcoin (BTC) reached a peak summit, but was followed by a net slowdown on the cryptography market.
More crypto tokens used to survive
Last year, the second largest number of token failures at 1.3 million, and in comparison, Lee said that the previous three years had a much lower attrition rate.
Lee allocated the number of balloon tokens and their failures to the tokens’ tool pump.
Pump.fun was online in January 2024. The Coingecko report shows that last year had the largest number of new crypto tokens with more than 3 million launch, against 2023, which experienced just over 835,000.
“Before the launch of Pump.fun in 2024, the failures of cryptocurrency numbered in the six low figures. Project failures between 2021 and 2023 represented only 12.6% of all cryptocurrency failures in the past five years,” said Lee.
The rate of pump grade.fun, where chip trading rises from the site, has never been particularly high, with around 98% of the tokens that fail.
Until now, the most efficient week of the platform was in November 2024, when 1.67% of the same went on the free market.
In relation: The tokens have, even dominate crypto stories in the first trimester 2025: Coingecko
The founder of Coingecko, Bobby NGO, said in a March 6 report that the same Investor Interest seems to have cooled after a series of bad launches, noting the benefits of the launch of the balance token (balance).
Pump.fun had a high weekly trading volume after Trump’s launch of Trump on January 18, but the crypto and the stock markets were struck by extreme volatility from March following Trump threats to sweep the prices.
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