CoinGecko reports 11.6M token failures in 2025, driven by meme coins
CoinGecko reported 11.6 million cryptocurrency tokens failed in 2025, representing 86.3% of all failures since 2021. Q4 2025 alone saw 7.7 million collapses after the October 10 deleveraging wiped out $19 billion in leveraged positions. Overall, 53.2% of GeckoTerminal listings have gone defunct across the period, with meme coins bearing most of the damage.