More than half of all cryptocurrencies launched since mid-2021 are now defunct, according to a CoinGecko analysis reported by CoinDesk. Of the nearly 20.2 million tokens, 53.2% have ceased active trading, with a staggering 11.6 million failures occurring in 2025 alone. This surge in dead tokens is attributed to the rise of low-effort memecoins and experimental projects from platforms like pump.fun, which lowered the barriers for token creation. As a result, many tokens failed to gain traction and quickly disappeared.
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