Crazy asf.
In 2025 alone, 11.6 million crypto tokens failed...
That is 86.3 % of all recorded token failures since 2021.
This did not come out of nowhere.
Today, anyone can launch a token in minutes using launchpads.
No product is required.
No team is required.
No responsibility is required.
So it should not surprise anyone that most of these tokens fail.
That part is on the system.
But part of it is also on us.
People knowingly buy tokens with no utility, no roadmap, and no accountability.
They hope to exit before the next person.
Sometimes it works. Most of the time it does not.
When the market turned in late 2025, the weakest projects collapsed immediately.
7.7 million tokens died in Q4 alone.
The real problem is the cost.
Billions in capital were burned on tokens that were never meant to survive.
Money that could have gone into real projects, real infrastructure, or real chains.
Instead, it went into short-lived hype.
This is what happens when launching is easy, checking is optional, and attention is rewarded more than work.
If behavior does not change, the numbers will repeat.
I think this has nothing to do with culture or fun.
It is simply the hope of many to hit the jackpot, and statistically playing and winning the lottery would probably be easier.
With this kind of behavior, progress gets confused with casino behavior.
Source: @CoinGecko.
Thanks for this research!
