Nearly 1.8 million crypto tokens have already failed in the first quarter of 2025, according to a report from CoinGecko released on April 30. This figure alone accounts for nearly 25% of all cryptocurrencies launched since 2021—and almost half of all known crypto failures in that same span. Pump.fun Sparked a Flood of Tokens—and a Fallout Shaun Paul Lee, a research analyst at CoinGecko, noted that a total of 7 million tokens have been tracked by their GeckoTerminal platform since 2021, out of which 3.7 million have ceased trading. “Alarmingly,” Lee writes, “the first quarter of 2025 saw the highest token failure count we’ve ever recorded in a single year.” The surge in token collapses has coincided with sharp volatility in the broader crypto market, triggered by geopolitical and economic uncertainty following Donald Trump’s return to the White House. A major driver behind this failure wave has been the explosion of meme tokens birthed via Pump.fun , a token creation platform that debuted in January 2024. The tool made token generation nearly effortless—attracting both curious developers and opportunistic bad actors. While this democratized token launches, it also led to a wave of poorly planned or unserious projects hitting the market. Meme Mania Meets Market Reality CoinGecko’s data shows that more than 3 million new tokens were launched in 2024 alone, eclipsing 2023’s figure of 835,000. However, this ease of creation came with consequences: Pump.fun’s graduation rate —i.e., tokens successfully transitioning to broader market trading—hovers at a meager 2%. At its best, in November 2024, only 1.67% of tokens broke free from the platform’s bonding curve. Investors have grown increasingly wary following a series of botched token launches, most notably the fallout from the much-hyped LIBRA token . CoinGecko co-founder Bobby Ong observed a clear cooling in memecoin enthusiasm by March 2025, as both crypto and traditional markets trembled in the wake of Trump’s tariff threats. The post Crypto Mass Extinction? 1.8 Million Tokens Vanish in Q1 2025 Alone appeared first on TheCoinrise.com .
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