{
  "id": 7860921,
  "title": "Token failures swell to 11.6 million in 2025",
  "url": "https://urgent.news/2026/09/16/token-failures-swell-to-11-6-million-in-2025",
  "topic": "world",
  "section": "World",
  "published": "2026-09-16T18:11:57.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/token-failures-swell-to-11-6-million-in-2025/"
  },
  "original_language": "en",
  "account": "In 2025, cryptocurrency token failures reached an unprecedented total of 11.6 million, accounting for 86.3% of all failures recorded by CoinGecko's GeckoTerminal dataset between mid-2021 and the end of 2025. This figure marks a significant increase from 2024, when only 1,382,010 projects were classified as failed. The surge in failures is largely attributed to the market's overabundance of easily created tokens, particularly meme coins. CoinGecko identified 11,564,909 failures in 2025, compared to 245,049 in 2023 and 213,075 in 2022. The research highlights that around 53.2% of cryptocurrencies tracked by GeckoTerminal had failed by the end of 2025, with a sharp acceleration in 2025. The heaviest losses were seen in the last quarter of 2025, with 7.7 million tokens failing alone, comprising 34.9% of all project failures. CoinGecko attributes this deterioration in token survival to market turbulence and the severe pressure on the meme-coin segment, exacerbated by the October 10 liquidation cascade. The failure count reflects the rapid expansion of token issuance over the same period, with the number of cryptocurrency projects on GeckoTerminal surging from 428,383 in 2021 to over 20.2 million by 2025. This surge was particularly notable in meme coins, which allowed users to create new assets quickly with minimal technical expertise. However, many of these low-effort projects lacked the necessary liquidity, sustained trading activity, or community support to remain active.",
  "summary": "More than 11.6 million cryptocurrency tokens stopped trading in 2025, an unprecedented annual total that accounted for 86.3% of all failures recorded by CoinGecko’s GeckoTerminal dataset between mid-2021 and the end of last year. The figure marks a steep acceleration from 2024, when 1,382,010 projects were classified as failed, and highlights the fragile economics of a market flooded with easily…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}