Data: 11.6 million tokens will be worthless in 2025, and the total number of cryptocurrency projects will surge to nearly 20.2 million

According to Coingecko, 53.2% of cryptocurrencies on the GeckoTerminal platform have gone to zero, with the vast majority occurring in 2025. In 2025 alone, 11.6 million tokens went to zero, accounting for 86.3% of the total tokens that went to zero between 2021 and 2025, with 7.7 million tokens collapsing in the fourth quarter, representing 34.9% of all recorded project failures.

It is reported that the convenience of launching tokens on issuance platforms has led to a surge of low-cost "meme coins" and projects flooding the market. Data shows that the total number of cryptocurrency projects skyrocketed from 428,000 in 2021 to nearly 20.2 million in 2025.