加密代幣失敗在2025年第1季度達到了創紀錄的高度，其中180萬個項目關閉

該報告顯示，自2021年以來，四分之一的代幣在今年1月至3月之間失敗了。

Crypto token failures reached a record high in Q1 2025, with 1.8 million projects shutting down, according to CoinGecko. The report showed that one in four tokens launched since 2021 failed between January and March this year.

據Coingecko稱，加密代幣失敗在2025年第1季度達到了創紀錄的高度，其中180萬個項目關閉了。該報告顯示，自2021年以來，四分之一的代幣在今年1月至3月之間失敗了。

Research analyst at CoinGecko Shaun Paul Lee said nearly 7 million crypto tokens have been listed since 2021. Out of those, over 3.7 million tokens have already stopped trading.

Coingecko Shaun Paul Lee的研究分析師說，自2021年以來，已列出了將近700萬個加密代幣。在這些分析師中，超過370萬個令牌已經停止了交易。

“The first quarter of 2025 alone saw the collapse of 1.8 million tokens,” Lee said in the April 30 report.

李在4月30日的報告中說：“僅2025年的第一季度就看到了180萬個令牌。”

That number is the highest ever recorded in a single quarter and makes up nearly half of all token failures.

這個數字是一個季度記錄的最高記錄，佔所有令牌失敗的一半。

CoinGecko only tracked tokens that had at least one trade and included those from Pump.fun that passed the bonding curve. The data excludes completely inactive listings with no activity.

Coingecko僅跟踪至少有一項貿易的令牌，其中包括通過粘結曲線的pump.fun。數據不包括無活動的完全無活動清單。

Pump.fun Linked to Spike in Crypto Token Projects Collapsing

泵。在加密代幣項目中與尖峰鏈接

Pump.fun launched in January as a token creation platform. Since then, it has seen a sharp rise in crypto token projects, mostly memecoins and simple contract-based tokens. CoinGecko linked this tool to the surge in crypto token failures.

pump.Fun於1月以代幣創建平台推出。從那時起，加密代幣項目，大多是成人和簡單的基於合同的代幣的急劇上升。 Coingecko將此工具與加密代幣失敗的激增聯繫起來。

In 2024 alone, over 3 million new tokens entered the market, compared to 835,000 in 2023. The report showed that about 98% of tokens created through Pump.fun failed. Only a small percentage managed to trade beyond the platform.

僅在2024年，超過300萬個新令牌就進入了市場，而2023年為835,000。只有一小部分能夠超越平台的交易。

Lee said, “Before the launch of Pump.fun in 2024, cryptocurrency failures numbered in the low six digits.”

李說：“在2024年推出泵之前，加密貨幣失敗以低六位數為單位。”

He added that between 2021 and 2023, only 12.6% of all failures took place.

他補充說，在2021年至2023年之間，只有12.6％的失敗發生。

Even during Pump.fun’s strongest week in November, only 1.67% of tokens transitioned to open markets. Most collapsed without gaining traction.

即使在11月的Fump.fun最強大的一周中，也只有1.67％的令牌轉移到開放市場。大多數崩潰而沒有獲得關注。

Trump Market Impact Coincided With Token Shutdowns

特朗普市場影響與令牌關閉相吻合

CoinGecko linked the recent wave of crypto token shutdowns to broader market pressure. The inauguration of Donald Trump in January triggered Bitcoin’s rally to $94,952. However, the market declined shortly afterward.

Coingecko將最近的加密代幣關閉浪潮與更大的市場壓力聯繫起來。唐納德·特朗普（Donald Trump）在一月份的就職典禮引發了比特幣的集會至94,952美元。但是，此後不久，市場下降了。

This turbulence contributed to many crypto token failures, as investors pulled back from high-risk assets. Lee mentioned “broader market turbulence” as a key factor behind the shutdowns.

由於投資者從高風險資產中退縮，這種動盪導致了許多加密代幣失敗。李提到“更廣泛的市場動盪”是關閉的關鍵因素。

Pump.fun’s activity surged during this time. Its weekly trading volume peaked after Trump’s memecoin launch on Jan. 18. But by March, both crypto and stock markets showed high volatility. Trump’s tariff threats led to further instability.

在此期間，Pump.Fun的活動激增。特朗普於1月18日發起的成員之後，其每週交易量達到頂峰。但到3月，加密貨幣和股市都表現出較高的波動性。特朗普的關稅威脅導致進一步的不穩定。

CoinGecko co-founder Bobby Ong released a separate report on March 6. He said memecoin interest dropped following poor launches. Ong highlighted the case of the LIBRA token, which saw limited success.

Coingecko聯合創始人Bobby Ong於3月6日發布了另一份報告。他說，在發射不佳之後，Memecoin興趣下降了。 Ong強調了天秤座令牌的案例，這取得了有限的成功。

According to the CoinGecko report, tokens created before 2024 had a better chance of survival. Failures before Pump.fun stayed under six digits. But once token creation became easier, the market was flooded with short-lived projects.

根據Coingecko的報告，代幣在2024年之前創建的，有更好的生存機會。泵前的故障。 FUN停留在六位數以下。但是，一旦象徵性的創建變得更容易，市場就會充斥著短暫的項目。