Crypto Tokens Are Dying Faster Than Your New Year Resolutions
Hold on to your wallets, folks! A new report from CoinGecko reveals that 2025 is shaping up to be the year that crypto tokens kicked the bucket, with a staggering 1.8 million tokens going kaput in Q1 alone. That’s nearly half of all crypto project failures since 2021! Who knew digital money could die so fast? 😱
According to CoinGecko’s latest analysis, they’re not pointing fingers just yet – no smoking gun here – but they think market volatility during Trump’s Presidency might have something to do with the crypto graveyard growing at an alarming rate. Let’s just say, it’s not exactly a “bull market” for these tokens. 🐂💀
So, Why Are These Tokens Checking Out? 🪦
The crypto industry is no stranger to failures – remember when NFTs were the hottest thing since sliced bread? Well, guess what? Over 95% of those are now as useful as a broken smartphone screen. 🙄
Now, according to CoinGecko, 2025 is setting records in the “dead crypto” category. Compared to last year, fewer tokens are popping up, but many more are vanishing in Q1 alone. I guess it’s a ‘survival of the fittest’ kind of thing – and these tokens are clearly not fit. 😬
But wait – there’s more! CoinMarketCap’s data shows there are over 14.65 million tokens still kicking around, and that number is only getting bigger. Yes, you read that right: 14.65 million. One year ago, there were only 2.7 million – clearly, crypto is like potato chips: you can’t just have one. 🥔💰
The rise of Solana meme coins has been the biggest contributor to this token explosion. Now they account for over 60% of all tokens. Who needs substance when you’ve got meme coins, right? 😆
But, as expected, this flood of tokens comes with a price: more tokens = more dead tokens. The meme coin sector, as usual, is a ticking time bomb – and it’s exploded more than once already. 💥
Too many tokens can drown out the good ones, and when that happens, even the biggest meme coins are sunk faster than a lead balloon. 🚢🛑
CoinGecko’s findings also show a grim fact: more than half (52.7%) of the tokens that have been active since 2021 are now officially DOA. The failure rate is climbing faster than your credit card bills after a trip to the mall. 😬
While new tokens still outnumber the dead ones, the math doesn’t look great for the future of crypto projects. Maybe it’s time to start investing in something more reliable… like Beanie Babies. 🧸
As for CoinGecko’s big theory? They’re betting it all on Trump’s tariffs and the subsequent recession fears that have got meme coins spiraling into oblivion. After all, meme coins did surge after his election, and now they’re crashing just as quickly. Classic. 🙃
Of course, CoinGecko didn’t try to prove anything; they just showed us the wreckage. But hey, the data doesn’t lie. The future of meme coins? Not looking so hot. 🍵
Read More
- Original The Elder Scrolls IV: Oblivion Designer Says Bethesda’s Remaster Is So Impressive It Could Be Called ‘Oblivion 2.0’
- Clash Royale Best Boss Bandit Champion decks
- How To Install Mods For Oblivion Remastered
- HBO shares The Last of Us season 2 release window
- The Last of Us season 2 confirms spring 2025 release on HBO
- Pokémon TCG Pocket announces new Celestial Guardians Expansion along with Half-Year Anniversary events
- Weak Hero Class 1 Ending Explained
- Ozzy Osbourne’s Health Update Before Final Black Sabbath Gig
- Harry Styles’ doppelgangers descend on London for another lookalike contest – but fans complain they look ‘nothing like him’
- ‘Captain America 4’ Questions and Plot Holes, Explained
2025-05-01 00:07