Hold onto your hats, folks! The world of cryptocurrency is expanding faster than you can say “Bitcoin“! According to CoinGecko co-founder Bobby Ong, a whopping 600,000 new tokens were minted in January. That’s right, you heard it here – in just one month!
To put it in perspective, from 2022 to 2023, only about 50,000 new tokens were being created each month. But now, thanks to platforms like Pump.fun and SunPump, anyone can create meme coins without any technical expertise. And boy, are they cashing in!
Back in 2022-2023, around 50k new tokens were minted every month. Fast forward to Q4 2024, and we’re seeing 400k new tokens/month – with January 2025 hitting a record 600k new tokens created per month! 🤯
As Ong put it, “If it can be tokenized, it will be tokenized.” Memes, attention-based assets, you name it – it’s all fair game! But with this surge in new tokens, market analysts are starting to worry about liquidity fragmentation.
At the current growth rate, CoinGecko projects the total number of tokens could reach one billion within five years. Yikes! That’s a whole lot of tokens to keep track of!
Is the crypto market ready for this meme coin onslaught?
Only time will tell if the market can sustain this rapid growth. But one thing’s for sure – it’s a wild ride, and we’re all just hanging on for dear life!
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2025-02-15 19:42