Over 11.6 million crypto tokens went dark in 2025—quite the cleanup for the blockchain space. The lion's share of these failures traces back to PumpFun, where countless projects launched with minimal friction but even less staying power. It's a stark reminder that ease of entry doesn't guarantee longevity in the crypto ecosystem. While some see it as market pruning, others view it as cautionary tale about due diligence and project fundamentals.
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Over 11.6 million crypto tokens went dark in 2025—quite the cleanup for the blockchain space. The lion's share of these failures traces back to PumpFun, where countless projects launched with minimal friction but even less staying power. It's a stark reminder that ease of entry doesn't guarantee longevity in the crypto ecosystem. While some see it as market pruning, others view it as cautionary tale about due diligence and project fundamentals.