Crypto Crash: Nearly 2M Tokens Fail in Just 3 Months

The cryptocurrency market has recorded a troublesome number of failed projects in recent years. According to data from CoinGecko, over 50% of all cryptocurrencies ever listed have now become inactive.

Since 2021, nearly 7 million crypto coins have been listed on the platform. Out of these, about 3.7 million projects have stopped trading and are now considered dead. This means 52.7% of all cryptocurrencies tracked by CoinGecko, with most of these closures happening in 2024 and early 2025.

2025 Is the Worst Year So Far

In just the first three months of 2025, around 1.8 million crypto coins have failed. This is the highest number of project shutdowns in a single year and makes up nearly half of all crypto failures since 2021.

Experts say this big drop in crypto projects could be linked to market problems that started after Donald Trump Donald Trump   Donald J. Trump is a US-based business tycoon,  pro-crypto politician, and 47th (present) President of the United States. He comprehends the significance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto politician.   Once doubtful about Bitcoin's dominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his pool. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Famous For Business, Politics   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Slammed crypto king Bitcoin on X, calls it "not money".   2025 – A gala party was hosted by him for the top 220 Trump meme coin holders.   President became President again in January 2025, which caused crypto prices to fall.

Meme Coins and Quick-Launch Tokens Flood The Market

The total number of crypto projects has also increased in recent years. In 2021, there were around 428,000 projects listed. By 2025, that number had jumped to almost 7 million. A major factor behind this growth was the launch of pump.fun in 2024, a platform that made it extremely easy for users to create their own tokens. As a result, the market was flooded with meme coins and low-effort projects, many of which didn’t survive for long.

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Before 2024, the number of failed projects was much lower. But after the arrival of easy-to-use token-making platforms, the number of shutdowns jumped sharply. Along with token failures, major security breaches like the Mantra Crash and Bybit hack have shaken investor confidence. The growing number of scams, hacks, and failed projects shows the risks in the crypto market.

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