A failed cryptocurrency as a token, as per CoinGecko, is something that was actively traded a long time ago, but after some time the activity ceased.
About 1.3 million projects weren’t successful in 2024, and only 2,584 failures were listed in 2021, outlining how swiftly risk appetite elongated over the past cycle.
Crypto market unpredictability took severe losses on digital asset projects in 2025, with meme coins absorbing the bulk of the damage. Over 11.6 million crypto projects didn’t get successful last year, showing the highest annual total on record and highlighting the weakness of speculative tokens at the time of market stress.
Most of the losses were recorded in the last quarter of the year. CoinGecko released a report on January 9 in which the research analyst Shaun Paul Lee estimated around 7.7 million tokens listed on GeckoTerminal put a halt on trading between October and December.
The analyst highlighted the October 10 market crash, where over $1
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