More Than 11M Crypto Tokens Failed In 2025 Alone, CoinGecko Data Shows
More than 53% of all cryptocurrencies tracked by have failed since 2021, with 2025 alone accounting for 11.6 million collapsed tokens — or 86.3% of all recorded project failures.
What Happened: Crypto Collapse Data
The study, which analyzed cryptocurrency projects listed on GeckoTerminal between Jul. 1, 2021, and Dec. 31, 2025, found the fourth quarter of 2025 particularly devastating.
Some 7.7 million tokens collapsed during that three-month period, representing 34.9% of all failures.
Researchers attributed much of this decline to the Oct. 10 “liquidation cascade,” when $19 billion in leveraged positions were wiped out within 24 hours — the largest single-day deleveraging event in crypto history.
The total number of…
