According to CoinGecko research, 1.8 million tokens were abandoned in Q1 2025, accounting for nearly a quarter of all tokens launched since 2021.
Token Disappearance Statistics
Since launching its research in 2021, CoinGecko’s platform has tracked around 7 million cryptocurrencies. More than half—approximately 3.7 million—have ceased to exist.
Reasons for Increased Token Failures
CoinGecko analyst Shaun Paul Lee attributes the recent surge in token failures to the emergence of platforms like Pump.fun, which allows users to create tokens with just a few clicks. This platform led to a wave of memecoins and low-effort tokens, with a failure rate approaching 98%, indicating a high number of scams and abandoned projects.
Challenges and Issues for the Crypto Industry
The rise in token creation also raises questions about investor protection and project transparency. Many experts are wondering if the industry’s open-door innovation model needs a rethink, especially with over a million projects gone in just three months.
The situation around token disappearance highlights the volatility of the crypto market and the need for higher standards to maintain long-term value and investor protection.
