Crypto Token Failures Surge as Market Downturn Claims More Projects

A recent report from crypto data platform CoinGecko highlights a concerning trend in the cryptocurrency market: the increasing number of failed tokens. Nearly 40% of new crypto projects launched since 2021 have already shut down, with Q1 alone witnessing a staggering 1.8 million token failures. The report attributes this surge to the turbulent crypto market conditions and the ease of creating tokens through platforms like Pump.fun, which has significantly accelerated the rate of token creation.