CoinGecko Reveals 13.4 Million Cryptocurrencies Failed Since 2021—5.84M New Tokens Launched in 2025 Alone

CoinGecko’s latest analysis shows token launches skyrocketed from 428k in 2021 to 5.84 million in 2025, but failures crushed the ecosystem with 2.58M dead in 2021, 213k in 2022, 245k in 2023, 1.38M in 2024, and a staggering 11.56M in 2025- totaling over 13.4 million dead projects since 2021. Platforms like Pump.fun drove the frenzy, but 53%+ failure rates highlight the brutal selection process where only sustainable projects survive amid rug pulls and hype fades. Meme coins dominated the casualties, turning crypto into a high‑turnover market resembling a Darwinian experiment.

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