2026-01-15 13:45:50

The graveyard of crypto projects keeps growing—and it's accelerating at an alarming pace.

Just look at the numbers. Back in 2021, around 2,584 tokens failed. Rough, but manageable. Then 2022 hit: 213,075 dead projects. Yeah, you read that right. And 2023? Even worse at 245,049. But here's where it gets wild—2024 saw 1.38 million token failures. That's not a trend, that's a collapse.

Now we're in 2025, and the numbers are absolutely insane: 11.5 million failed tokens. Eleven and a half million.

This explosion tells you everything about the state of the market. Speculation has gotten so frenzied, and barriers to entry so low, that literally anyone can launch a token. Most die within weeks. Some within days. It's why skeptics keep pointing out: if the space keeps churning out this much garbage, how do we ever build something real that lasts?

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EntryPositionAnalyst

· 01-15 14:13

1,150,000 failed tokens? Laughable, this is the crypto world—leek factory running 24/7 2. I knew it, low threshold = low quality. Now anyone can issue tokens, everyone wants to get rich overnight... and this is the result 3. 1,380,000 dead projects in 2024, directly tenfold in 2025, this data is a bit outrageous... Is it real? 4. No wonder those trash coins in my wallet are now zero, turns out the industry has become this competitive 5. Instead of calling it a graveyard, it's more like a large casino—99% of projects are dead on arrival 6. Looking at this trend, the projects that survive are probably harder to find than winning the lottery... why believe in new coins anymore? 7. This is the real problem—good projects are buried under trash, information asymmetry has become the only moat 8. 11.5m failed tokens, what does it indicate? It shows that most people entering are betting on bad projects that aren’t actually bad

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GetRichLeek

· 01-15 14:12

11,500,000 dead coins? Bro, this isn't a bubble, this is just the market manipulators harvesting retail investors... I was also fooled into buying the dip in a certain group last year.

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On-ChainDiver

· 01-15 14:11

10.1 million dead coins... How much retail investor money does that take to burn? --- Low barriers to entry are a double-edged sword; the result of everyone being able to issue tokens is that everyone can harvest the leeks. --- Wake up, this is the true picture of the crypto world; 99% is just air. --- 2024: 1.38 million, 2025: 11 million... exponential explosion, so outrageous it doesn't look like real data. --- How to filter? It feels like the real stuff has already been buried in the trash. --- Don't ask me how I know; my wallet will tell you. --- This is the real truth of a bull market: one wave of harvesting after another.

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SybilSlayer

· 01-15 14:06

1. 11.5 million dead tokens? Laughing to death, this is the crypto world, a factory of trash projects in operation. 2. NGL, looking at this data makes my scalp tingle... Is it really that everyone can launch? 3. Killing one project a week has become routine; we're numb to it. 4. How to play this anymore? Too many signals and too much noise. 5. Instead of building, it's more like淘汰 (elimination); only the fittest survive. 6. Crazy token launches, now starting to bury tokens crazily, cycle after cycle. 7. Truly good projects are hidden among these 11.5 million corpses haha. 8. That's why I only look at the team and code, not the concept. 9. The threshold is too low; anyone can rug... No wonder there are so many dead projects. 10. Every time I see this kind of data, I think of those all-in leek investors.

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GasDevourer

· 01-15 14:01

11 million dead coins? Laughing to death, this is our future 2. It’s about time, trash projects should be cleared out, only the genuine ones remain 3. So only well-developed projects can survive, the era of the big wave淘沙 has arrived 4. 11.5M? I feel like it still has to keep rising... 5. Instead of saying failure, it’s more like the market is self-purifying 6. As soon as I saw this number, I knew the next wave would be even crazier 7. To be honest, launching is still too easy, the threshold should be raised

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SmartContractPlumber

· 01-15 14:00

11.5 million dead coins, this data is not exaggerated at all—it's the inevitable result of low barriers to entry and zero audits. Contract deployment without basic security checks, and still expecting to survive long? Integer overflow, permission control vulnerabilities, reentrancy—these old pitfalls are still being jumped into by new projects. If you can't build something sustainable, it's not the crypto circle's fault, it's because the contracts are a mess. Truly viable projects must start from the code level—formal verification, audits, contract upgrade mechanisms—none can be missing. Currently, 99% of the market is in this cycle. The more garbage projects there are, the more valuable the teams that actually get things done become.

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ForumMiningMaster

· 01-15 13:51

15 million dead coins? How many trash projects does that add up to... Really, low barriers are a double-edged sword. 2. This number is so outrageous it makes me doubt life itself, 11.5 million... I can't even count it. 3. It's more like a bubble being burst than an explosion, it was about time. 4. Laughing to death, the real projects have long been drowned in these shitcoins. 5. So that's why I only deal with the top 50 coins... These numbers are too heartbreaking. 6. The lower the entry barrier, the more projects die; this rule is truly unbeatable. 7. 11.5m... I swear I thought I saw it wrong, look again, damn. 8. No wonder the big shots keep talking about "building practical applications," there are too many trash projects, really destroying the ecosystem. 9. The 2025 figure is truly frightening, feels like another reshuffle is coming this year. 10. Who still dares to touch new coins? 99% chance of rug pull or death.

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