Solana Meme Coins and Market Chaos Fuel Mass Extinction
If your crypto bag feels lighter lately, it’s not just you. A grim new report from CoinGecko reveals that a jaw-dropping 1.8 million crypto tokens flatlined in Q1 2025 alone—yes, that’s just three months. For context, that’s 49.7% of all crypto project failures from 2021 through today. If tokens had tombstones, we’d need a blockchain-sized cemetery.
Crypto Graveyard Is Filling Fast
CoinGecko didn't name names or point fingers, but the report gently implies that Trump-induced market chaos—tariffs, recession jitters, and meme-fueled mania—may have played a role. As it turns out, meme coins don’t have the best survival instincts during economic turbulence.
What’s Killing All These Tokens?
Let’s face it: crypto has always had its share of spectacular flops. Remember NFTs? 95% of those are now toast. In 2025, we’re seeing fewer token launches but a much higher failure rate. It’s survival of the flashiest—or fittest.
Solana’s Meme Coin Frenzy Might Be the Problem
According to CoinMarketCap, the number of tracked tokens soared from 2.7 million in 2024 to a staggering 14.65 million in 2025. The culprit? Solana. Its ecosystem now accounts for 60% of all tokens, mostly meme coins. That’s not growth—that’s an identity crisis.
But here’s the catch: too many launches dilute the market. Investors can only meme so hard before they start demanding, you know, actual value. As returns shrink and rug pulls grow, quality tokens get dragged down with the rest of the clown parade.
The Meme Market Is Not Okay
CoinGecko estimates that 52.7% of all crypto tokens launched since 2021 are now six feet under—and the death rate is accelerating. New tokens still outpace the casualties, but the graveyard is catching up fast.
HODL Team
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