Crypto Market Plagued by Widespread Token Failures and Suspected Rug Pulls in 2025
Crypto Market Plagued by Widespread Token Failures and Suspected Rug Pulls in 2025
The crypto market faced a catastrophic year in 2025, witnessing an unprecedented 11.6 million token failures, which constitutes 86.3% of all collapses since 2021, marking it as the most destructive period for token survivability. Concurrently, the NYC meme coin, associated with former New York City Mayor Eric Adams, experienced a dramatic crash of over 80%, sparking accusations of a 'rug pull' due to suspicious liquidity movements, despite denials from the project's team.
Why 86% of All Crypto Token Failures Happened in 2025
The crypto market experienced an unprecedented wave of project collapses in 2025, with more than 11.6 million tokens failing in a single year, according to new data from CoinGecko. The figure represents 86.3% of all cryptocurrency failures recorded since 2021, making 2025 the most destructive year for token survivability in the industry’s history. Token Creation
4 Red Flags That Make NYC Token’s Crash Look Like a Rug Pull
Former New York City Mayor Eric Adams’ NYC meme coin has drawn heavy criticism from the crypto community after plunging more than 80%, pushing its market capitalization below $100 million. While both Adams and the project’s team deny any wrongdoing, unusual liquidity movements raised red flags, prompting some analysts to characterize the token as a