$NEIRO Here’s the latest verified overview of the massive crypto token collapse in 2025 — based on data from CoinGecko and multiple industry reports:

📉 Historic Token Failures in 2025

**About 11.6 million cryptocurrency tokens failed (collapsed or became inactive) during 2025 — the highest annual total ever recorded for token failures.

These 11.6 million failures represent roughly 86% of all crypto project collapses documented between 2021 and 2025.

Over 53% of all tokens ever listed on CoinGecko’s GeckoTerminal are now classified as dead or inactive, underscoring how widespread project failure has become.

🧨 Why So Many Tokens Collapsed

Several key factors drove this unprecedented wave of failures:

1. Meme Coin & Speculative Token Explosion

Low-effort meme coins and quickly launched tokens made up the bulk of new crypto projects, especially through launchpad tools that democratized token creation. When market conditions weakened, these high-risk tokens lacked the liquidity or investor backing to survive.

2. Market Turbulence & Liquidation Events

A dramatic October market crash triggered a cascade of liquidations that wiped out roughly $19 billion in leveraged positions in a single day. That shock particularly devastated speculative tokens, accelerating failures.

3. Saturation and Structural Fragility

The number of tokens listed on GeckoTerminal ballooned from under half a million in 2021 to more than 20 million by 2025 — an explosion that far outpaced sustainable demand, increasing the overall failure risk.

📊 Quarterly Breakdown & Severity

Q4 2025 was especially destructive, with about 7.7 million tokens failing in just three months — nearly 35% of all failures since 2021 occurring in that quarter alone.

Earlier in the year, millions of tokens had already ceased trading, making 2025 a record year for collapses.

🧠 What This Indicates About the Crypto Market

✅ High Risk of Speculative Assets: Most failed tokens were speculative or meme-styled projects with minimal fundamentals or utility.