Well now, neighbor, the folks over at GeckoTerminal have been busy fossil hunting—and what do you suppose they dug up? Turns out, over half the cryptocurrencies out there (52.7%, to be exact) went belly-up faster than a catfish dropped in a whiskey barrel. The crypto market these days is about as stable as a one-legged mule on a frozen pond.
Let’s talk about Q1 2025: more than 1.8 million tokens disappeared from trading platforms—vanished like Aunt Polly’s cookies after Tom got home from school. That’s nearly as many as all the failed projects in 2024, and boy, did 2024 have its fair share of stinkers (1.38 million of ‘em!). By pure coincidence—or the hand of fate—the great cryptocurrency culling arrived hot on the heels of President Donald Trump waltzing back into the White House. Economic jitters and shady coin projects: two great tastes that taste awful together.
Token Creation Skyrockets—And Takes Its Dignity With It 🚀💥
Crypto projects didn’t just multiply—they stampeded. From a measly 428,383 in 2021 to something near 7 million by 2025. Turns out, a little site called pump.fun showed the world you don’t need brains, morals, or even technical know-how to slap your face on a digital coin. Extraordinary times, my friend. All you need now is a half-baked meme and the self-control of a sugar-starved raccoon.
But here’s the rub: most of these tokens couldn’t keep afloat if you gave them a life vest and swimming lessons. Most had about as much utility as a waterproof teabag. Abandoned, rugged, and thrown aside—just another day in blockchain paradise. In fact, 88% of all crypto failures from 2021 to now happened in just the last two years. So if you blinked, you missed it (and consider yourself lucky).
Crypto Graveyard Numbers: 2021–2025 🔥⚰️
- 2021: 2,584 failed projects (nice, round number to ruin your optimism)
- 2022: 213,075 (the wheels start wobbling)
- 2023: 245,049 (now hold my beer…)
- 2024: 1,382,010 (so close to a million and a half – or a disappointing lottery win)
- 2025 (Q1 only): 1,821,549 (just the opening act!)
So, for every new idea minted in 2025, odds are you’ll watch it flop before you can finish your cup of coffee. Which paints quite a portrait for starry-eyed investors and code-slinging dreamers alike: There’s gold in them hills, but mostly it’s fool’s gold—just waiting for the next fella to swing his pick (and lose his britches). Maybe in a few years, crypto will be all grown up and respectable. Till then, watch your step and mind the quicksand! 🤠
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2025-04-30 19:59