⚡️📊 More than 600,000 new cryptos were launched in January.

A 12-fold increase compared to the same period in 2024, according to data from GeckoTerminal.

These abusive crypto creations are raising concerns among analysts about the lack of investor liquidity in the market.

In 2022-2023, around 50,000 new tokens were created every month.

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and most are probably AI newsbots that create them on the fly with trending topics... i think this will be good for #bitcoin by showing the complete and utter pile of shit that memecoins are/will be. May take a while to flush it out, but I am okay with that... gotta real low time preference.

It’s so tiresome