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Crypto Glut Turns to Graveyard as 1.8M Tokens Died in Q1 2025
The crypto market has been ravaged by a devastating 1.8 million token deaths in the first three months of 2025, marking an unprecedented quarter for the industry. According to a recent study by CoinGecko, this staggering figure accounts for nearly half of all token deaths over the past five years.
In a dramatic reversal from just last year, when the market was still buoyed by speculative fervor and fleeting gains, investors are now grappling with the harsh reality that their portfolios have shrunk dramatically. In the midst of this chaos, it has become increasingly clear that the crypto bubble burst in 2024 did not signal the end of the carnage, but merely the beginning.
To understand the sheer scale of devastation, consider this: over the past year, a staggering 52.7% of all tokens listed on GeckoTerminal have ceased trading and been categorized as “failed.” In other words, more than half of the entire market’s output has vanished into thin air.
It is undeniable that the rise of token generators like Pump.fun has played a significant role in this tragic outcome. While it may seem appealing to democratize access to cryptocurrency creation, such platforms have inadvertently contributed to the deluge of low-quality tokens flooding the market. With no discernible oversight or regulatory framework in place, pump-and-dump schemes and other manipulations are rampant.
In a twisted irony, the 2024 launch of Pump.fun has led not only to a surge in token creation but also to an equally unprecedented wave of collapses. By year-end, no less than 1.3 million coins had met their demise. Fast-forward to 2025, and it appears that this momentum has only accelerated.
In a desperate bid to revive the market’s fortunes, investors are increasingly turning towards the likes of Solana, which has seen its decentralized exchange (DEX) market thrive in part due to Pump.fun’s influence. However, even this temporary reprieve from the carnage cannot hide the stark reality that 94% of all tokens created during the first quarter have already gone up in smoke.
As the dust settles on an unprecedentedly brutal Q1, it becomes increasingly clear that the crypto market is grappling with its own mortality.
Source: https://cryptopotato.com/crypto-glut-turns-to-graveyard-as-1-8m-tokens-died-in-q1-2025/
