Last year, over 11.6 million crypto projects failed, with 7.7 million tokens on GeckoTerminal ceasing active trading in Q4 2025. The market crash on Oct. 10, liquidating over $19 billion in crypto leverage, played a key role in this increase in failures.

The number of crypto project failures skyrocketed in 2025, with more than 11.6 million tokens listed on CoinGecko’s GeckoTerminal ceasing active trading. This increase is attributed to market turbulence and the impact on the memecoin sector.

The surge in token failures last year may be linked to the introduction of a high volume of coins compared to previous years. By the end of 2025, there were 20 million tokens listed on GeckoTerminal, up from 3 million at the end of 2024. The launch of Solana memecoin launchpad pump.fun in 2024 contributed to this influx of new projects.

Memecoins started 2026 strong, with market capitalization peaking at $47.7 billion before stabilizing around $43.7 billion. Transaction volumes also saw a significant increase, jumping 300% from $2.17 billion to $8.7 billion. Despite some fluctuations, memecoin market cap remains robust in the new year.

Read more at CoinTelegraph: Memecoins Fuel Deadliest Year for Crypto Tokens