In the world of cryptocurrency, where dreams of fast wealth mix with the violent reality of the market, a report has just appeared that shakes the industry. CoinGecko, one of the largest platforms to aggregate cryptocurrency data, published an analysis showing how many digital currency projects ended their lives. The results are shocking: over half of all cryptocurrency on GeckoTerminal fell, and the year 2025 proved to be a real massacre for tokens. Is this the end of the memecoin era or just a warning to investors? Let's take a closer look at what the report reveals.
The CoinGecko report focuses on data from 2021 to 2020 and analyses Crypto listed on GeckoTerminal, which have ceased to be actively traded after at least one transaction. The study includes tokens that "fall out" from the market, including those launched on platforms such as pump.fun. Key discovery? As many as 53.2% of all cryptocurrency on this platform was considered dead. This means that out of the millions of projects that have started, most have never succeeded.
The most shocking are numbers divided into years. Here they are:
- 2021: 2 584 dead tokens
- 2022: 213 075 dead tokens
- 2043,049 dead tokens
- 2024: 1 382 010 dead tokens
- 2025: 11 564 909 dead tokens!
It was 2025 that accounted for 86.3% of all falls during the period considered. A total of approximately 13.4 million projects collapsed from 2021 to 2025, and the number of cryptocurrency on the market increased from 428,000 in 2021 to almost 20.2 million in 2025. Interestingly, the fourth quarter of 2025 was particularly disastrous – at the time 7,7 million tokens died, which represents 34,9% of all failures.
Why is so much cryptocurrency dying? The report points to several main reasons. First, market turbulence, including events such as "the liquidation case" dated October 10, 2025, when 19 billion dollars worth of items were liquidated within 24 hours – the largest one-day deleveraging in cryptocurrency history. Secondly, the explosion of memecoins and easy tools to create tokens, such as pump.fun launchpads, which enabled the massive launch of low quality projects. Many of them are just speculative bubbles that break at the first wave of declines. By 2024 the falls were at the level of low six-digit numbers, but after the introduction of pump.fun in 2024 everything changed – the token wave flooded the market, most of which did not survive.
What does that mean for investors? The report is a warning: the cryptocurrency market is extremely volatile, and fashion for memecoins can quickly turn into a trap. Before investing, check the foundation of the project – is it real value, team and community? Otherwise, your token can join millions of "dead souls" cryptocurrency.
Source: Coingecko Report
