Cryptocurrencies are dying as joke coins and pump and dump schemes burn out.
With that in mind, a recent report from CoinGecko (via CoinDesk) says the crypto reaper has been unusually busy lately. Looking at its own records from as far back as 2021, CoinGecko found that 20.2 million tokens had been placed on the market, and that the majority—53.2%—have ceased active trading. They’re dead.
What’s more, 11.6 million of the token failures recorded by CoinGecko—86.3%—happened last year. In other words, 2025 was a mass die-off.