Market Bloodbath: 11.6 Million Cryptocurrencies Wiped Out in 2025

The crypto landscape witnessed a brutal shake-up this year. A staggering 11.6 million digital assets effectively disappeared from circulation—a dramatic culling that underscores the industry's ongoing consolidation.

This mass casualty event reflects the harsh reality of the token economy: countless projects failed to gain traction, liquidity dried up, and most dropped to effectively zero value. It's a reminder that not every blockchain initiative survives the market cycle. While the headline numbers sound alarming, this kind of carnage is par for the course in a space where barrier to entry remains low and project quality varies wildly.