Meme Coin Collapse Drives Record 11.6M Token Failures in 2025
The cryptocurrency market witnessed a historic purge in 2025, with 11.6 million tokens failing—86.3% of all project closures between 2021-2025. Meme coins accounted for the majority of casualties as speculative frenzy met brutal market realities.
CoinGecko data reveals 53.2% of all coins ever listed on GeckoTerminal have now failed. The fourth quarter of 2025 alone saw 7.7 million token deaths, coinciding with a $19 billion Leveraged position wipeout during October's market turmoil.
Platforms like pump.fun became graveyards for low-effort tokens, while established exchanges including Binance and Coinbase weathered the storm. The Darwinian shakeout highlights crypto's transition from wild speculation to infrastructure maturity.