Odaily News Since 2021, about 7 million crypto tokens have been launched, of which 1.8 million tokens stopped trading and were deemed "failed" in the first quarter of 2025, setting a record high for the number of tokens that returned to zero in a single quarter. This figure accounts for nearly half of all failed tokens, and is equivalent to a quarter of all tokens launched since 2021. CoinGecko attributed the main reason for the mass return of tokens to the Pump.fun platform, which lowered the threshold for issuing tokens, resulting in a large number of Meme coins and low-quality projects entering the market. (Cointelegraph)