Just looked at the latest token death stats and it's actually wild. Turns out over 53% of all crypto tokens launched since 2021 are completely dead now. But here's the kicker - 2025 alone accounts for 86% of all those failures. We're talking 11.6 million tokens that just vanished. The pump.fun era really did a number on the market. All those low-effort meme coins and experimental projects with zero backing? Most didn't even survive their first week of trading. Then October hit and things got brutal. That $19 billion liquidation cascade in a single day wiped out 7.7 million tokens in just Q4. Basically 35% of all project failures since 2021 happened in those three months alone. It's kind of eye-opening how fast things can collapse when leverage unwinds. Speaking of which, even newer projects are struggling. World Liberty Financial's WLFI token is down to $0.08 and dropped another 12.8% in the last 24 hours after some controversy around their lending strategy. Shows that even established-looking projects aren't immune to the downturn. The open-access nature of blockchain really does lead to saturation fast.