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Crypto Collapse: 3.7 Million Cryptocurrencies Gone Since 2021, Halving the Market Post-Pump.fun Era
A recent study by GeckoTerminal has revealed that a staggering 3.7 million cryptocurrencies have failed since 2021, significantly impacting the market and its dynamics. The data, which spans from July 2021 to March 2025, highlights a drastic increase in token failures over the past year.
According to the findings, approximately 428,383 projects were recorded in 2021, compared to a staggering 7 million in 2025. This exponential growth is largely attributed to the launch of Pump.fun, a platform that significantly lowered the barrier to creating meme coins and low-effort projects. The platform’s debut in 2024 marked a significant shift in the market, as it made it easier for anyone to create and list their own cryptocurrency.
Prior to Pump.fun’s emergence, token failures remained within the lower end of the six-figure range, accounting for only 12.6% of the total token loss between 2021 and 2023. However, this trend changed dramatically in 2024 with the rise of meme coins. As a result, failed projects skyrocketed to account for approximately 37.7% of total failures that year.
Despite the bleak outlook for many meme coins, it is essential to note that high-quality projects will continue to thrive and rise to the top. This sentiment is echoed by experts who emphasize that market conditions can change rapidly and that investors must remain vigilant in their due diligence.
In conclusion, the findings of this study underscore the importance of verifying information before making any decisions based on it.
Source: https://www.coinspeaker.com/over-3-million-cryptocurrencies-gone-since-2021/
