2026-01-16 19:26:10

According to the 25.2 million cryptocurrency tokens tracked by CoinGecko, 13.4 million tokens have "exited" since 2021, accounting for 53.2%. The year 2025 has even become an elimination year, with the number of failed tokens reaching 11.6 million, including 7.7 million cleared out in Q4 alone (especially after the October liquidation). This wave of淘汰 may seem brutal, but in essence, it is accelerating the survival of the fittest in the ecosystem. The data reflects a trend: liquidity and resources are increasingly concentrated in a few leading networks, and Bitcoin's status as a scarce asset is becoming even more prominent. The market is redefining what true value is through the concept of "token death."

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BankruptcyArtist

· 1h ago

Hmm... 11.6 million coins have died. Is this what you call market self-purification? I think it's just another way of saying "cutting leeks." --- After the October big liquidation, the crypto market really cooled down. It seems only BTC is still holding up reasonably well. --- 53.2% of tokens have exited... I just want to know where all these crypto holders' money went. --- Liquidity concentrated among the top players? Basically, the rich get richer, and retail investors get more scattered. --- Is the true value only Bitcoin, and everything else just air? I don't quite believe this logic. --- 13.4 million tokens have been wiped out, and another 13.4 million new ones will probably be created in the next round.

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StablecoinAnxiety

· 10h ago

13.4 million tokens exit? Just think about how thick those project whitepapers were back then haha --- So, it's still best to buy the dip in BTC and ETH, everything else is just along for the ride --- That October liquidation wave looked painful, so many people's dreams were shattered --- Survival of the fittest sounds nice, but it's really just retail investors being harvested --- Liquidity is concentrated in the top projects, small coins have no way out --- It feels like the crypto world is like an arena, those without background are the ones dying --- 53.2%... how many people have lost everything --- The real profit comes from those big Bitcoin holders, everything else is just a leek field --- The logic that Bitcoin's scarcity is undeniable isn't wrong, but it's too unfriendly to newcomers --- The statement that 2025 is the year of elimination is a bit extreme, it seems like more will continue to die

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ApeDegen

· 10h ago

13.4 million tokens out? Good riddance, it was about time to clean up this pile of trash --- I've gone through the big cleanup in October, it feels really good, trash projects deserve to die --- Liquidity is concentrated at the top, basically meaning fewer retail investors are left --- Bitcoin highlights its scarcity, that's why I’m all in on BTC --- 53.2% of tokens are dead, yet people are still creating new air coins, it's unbelievable --- Survival of the fittest sounds lofty, but it’s really just whales eating retail investors --- Removing 11.6 million in 2025, this round of shakeout was pretty harsh --- Instead of redefining value, the market is teaching people not to touch garbage --- 770,000 cleared in Q4… I also have a few in my bag that got wiped out, haha --- The top networks are full, small coins have no chance

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MidnightGenesis

· 10h ago

On-chain data shows that the October liquidation wave was definitely not simple. Monitoring contract changes deployed overnight revealed that the interesting part is—liquidity on many second-tier networks evaporated instantly, which is not surprising.

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StealthDeployer

· 10h ago

13.4 million tokens directly gone, this is probably the market's self-healing process—brutal but real. --- During the October liquidation, I was stunned—7.7 million tokens taken in one wave, feeling like the entire ecosystem was doing a big cleanup. --- In simple terms, resources are concentrating at the top, small coins have no way out, Bitcoin is increasingly resembling that "survivor." --- Survival of the fittest sounds sophisticated, but it's actually a synonym for cutting leeks; big players hold more chips. --- A 53%淘汰率? If you look at this data historically, it's really outrageous—the ecosystem is evolving rapidly. --- Ultimately, true value still comes down to scarcity, and Bitcoin has nothing to say about that. --- 2025 is indeed the year of淘汰, but also the year of the strongest Matthew effect; aligning with the top is the way out.

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ZenMiner

· 10h ago

13.4 million tokens out? Basically a big cleanup of trash coins. If they die, they die. --- 770,000 cleared in Q4? During that October wave, I watched my bunch of worthless coins go to zero haha. --- Talking about survival of the fittest, it's really just big players eating up the chips of small investors, leeching off the top networks. --- I agree with the logic that Bitcoin demonstrates value; most other coins are just a game of hot potato. --- A 53.2%淘汰率... How many people must have been liquidated? Moment of silence for three seconds. --- The real joke is those project teams still issuing tokens. What are they thinking? --- Market defines value? It’s simply whoever can survive the longest wins, straightforward and brutal. --- This data is heartbreaking. Feels like I could become one of the 13.4 millionth at any moment. --- Liquidity concentrated at the top... sounds like centralization, isn’t that what Web3 was supposed to avoid?

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StopLossMaster

· 10h ago

13.4 million tokens out? Damn, that number is really shocking. Garbage coins are finally about to be cleared out. --- During the big liquidation in October, how many people's dreams were shattered... Honestly, it's just damn unfortunate. --- Liquidity concentrated at the top? Isn't that what I've been saying all along? What's the point of playing with small-cap coins? --- Bitcoin is really the only answer; everything else is just riding along. --- 53.2% of tokens are dead. I'm damn well in that 53.2%... --- Survival of the fittest is right, but this process is really too bloody, cutting leeks until no one is left. --- How many people were washed out by the big liquidation in 2025? My friends now don't even dare to look at their wallets. --- Honestly, losing so many coins isn't a bad thing at all; the ecosystem was always meant to be streamlined. --- Looking at these data points is quite ironic. How crazy the ICO wave was back then, and now it's so cold and ruthless. --- Concentrated at the top network? Basically, it's winner takes all. Retail investors are still too naive.

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MEVHunterZhang

· 10h ago

13.4 million tokens out? This is the real market cleanup. Trash is trash, BTC is king. --- That October liquidation was truly incredible. How many altcoins went to zero? It was long overdue. --- Liquidity is concentrated in the top projects, which clearly means retail investors need to wake up. --- A 53.2% failure rate, honestly, that’s not surprising. The era where anyone could just issue a coin is long gone. --- Every time I see this kind of data, I think of the coin that got hacked last year. It’s gone now. --- Survival of the fittest sounds nice, but honestly, it’s just big players harvesting retail investors and clearing out the floors. --- BTC’s position is becoming more prominent? That’s because everything else is just air. --- Q4 single-season volume of 7.7 million? Damn, how many projects have run away? --- The true value is being redefined. Sounds profound, but really, it just means useless coins are dying. --- That’s why I only stick to top projects. Trash coins are too risky.

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