Crypto
Easy to make, hard to survive: 11.6 million memecoins failed in 2025
Extreme volatility in the 2025 cryptocurrency market led to more than 11.6 million projects, mainly memecoins, failing, the biggest failure scale in the market’s history. CoinGecko analyst Shaun Paul Lee said 7.7 million tokens stopped active trading on GeckoTerminal in the fourth quarter. He cited an Oct. 10 market plunge that liquidated about $19 billion in leveraged positions. Token issuance surged to 20 million projects, aided by Solana-based pump.fun.
