Meme Coin Market Crashes, 11.6 Million Crypto Tokens Failed in a Year!

Jakarta, Pintu News – Last year’s crypto market turmoil particularly hit meme coins hard, causing the number of crypto project failures to surge to more than 11.6 million throughout 2025 – the highest number ever recorded in a single year.

7.7 Million Tokens Stopped Trading in 2025

According to a report by CoinGecko research analyst Shaun Paul Lee released on Friday, the fourth quarter of 2025 was one of the worst periods, with around 7.7 million tokens listed on GeckoTerminal ceasing to be actively traded.

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Lee mentioned that the market crash on October 10, which led to the liquidation of over $19 billion in crypto leverage in just one day, was a major trigger.

“The sharp drop in token survival rates is likely related to the broader market turmoil over the course of the year, which severely affected theecoin sector,” he added.

According to Lee, the number of project failures jumped sharply compared to previous years. More than 1.3 million projects registered on GeckoTerminal failed in 2024, while only 2,584 projects failed in 2021.

CoinGecko defines a “failed” crypto as a token that was previously actively traded on GeckoTerminal but is no longer being traded.

Meme coins are known to be one of the riskiest types of investments in the crypto world, and their success or failure can reflect how much risk tolerance investors have.

Meme Coin Launch Platform Floods the Market

One of the reasons for the high number of token failures could also be due to the large number of new coins created throughout 2025, compared to previous years.

Data from GeckoTerminal shows that by the end of 2024 there were around 3 million tokens listed, but that number jumped dramatically to 20 million tokens by the end of 2025.

Lee pointed to the launch of a meme coin launchpad on the Solana (SOL) network called pump.fun (PUMP) in January 2024 as the main factor behind the explosion of the new project.

“The ease of launching tokens through the launchpad platform has led to a surge inecoins and low-effort projects flooding the market,” he said.

“Before the arrival of pump.fun in 2024, the number of crypto project failures was only in the hundreds of thousands. Project failures between 2021 and 2023 even accounted for only 3.4% of the total crypto failures in the last five years.”

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Meme Coin Market Capitalization Surges in Early 2026

Meme coin had a strong start to 2026, with its market capitalization jumping from $38 billion on December 29 to $47.7 billion on January 5, before correcting slightly to around $43.7 billion on Monday, according to data from CoinMarketCap.

During the same period, memecoin’s transaction volume also increased sharply by 300%, from $2.17 billion to $8.7 billion. On Monday, the transaction volume was around $3.69 billion, but this metric still recorded an increase of more than 34% in just one day.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Memecoins hit hardest in rough year that saw 11.6M tokens fail. Accessed on January 13, 2026