A recent analysis by GeckoTerminal reveals a troubling trend in the cryptocurrency market: over 3.6 million cryptocurrencies have failed since 2021, with the failure rate reaching an alarming 52.7%. This high percentage signifies a period of extreme volatility and a saturated market facing challenges from both economic uncertainty and regulatory ambiguity. The data shows that more than 1.8 million tokens disappeared from trading platforms during Q1 2025 alone, exceeding the total failures from 2024 (1.38 million). This surge in project failures coincides with the broader downturn witnessed across the crypto space following President Donald Trump’s return to office in January 2025.