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2025 is the worst year for memecoin, with over 11.6 million tokens becoming inactive, a record high in the crypto market.
Compared to previous years, the number of failed projects has skyrocketed:
2021: 2,584 projects
2024: 1.3 million projects
2025: 11.6 million projects
Another significant reason is the creation of memecoins being too numerous and too easy. Thanks to platforms like pump . fun, the number of tokens on the market increased from 3 million at the end of 2024 to 20 million at the end of 2025, mostly low-quality coins with no sustainable liquidity.
#GateProofOfReservesReport