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The crypto landscape has witnessed a meteoric rise in token creation, with January 2025 marking a historic milestone of 600,000 new tokens minted.
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Industry expert Bobby Ong predicts that if this trend continues, the total number of tokens could reach an astonishing 1 billion by 2030, driven largely by the popularity of meme coins.
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Despite this unprecedented expansion, Ong cautions that liquidity fragmentation is likely to stifle altcoin rallies, as market participants shift toward short-term speculative investments.
This article explores the explosive rise in crypto token creation and its implications for the market, alongside expert insights from Bobby Ong.
Crypto Token Creation Hits Record Levels
The current surge in the crypto market can be attributed to the remarkable advancements in blockchain technology and the foundational role of token incubators. According to Bobby Ong’s analysis shared on X (formerly Twitter), the monthly average of tokens created surged dramatically in 2024, skyrocketing from approximately 50,000 tokens in the preceding two years to a staggering 400,000 tokens by Q4 2024. This period culminated with an unprecedented 600,000 tokens minted in January 2025.
“That’s 12x growth in just over a year,” Ong stated, indicating the extraordinary pace at which new tokens are entering the market.
Increase in the Number of Tokens Created. Source: X/Bobby Ong
Ong attributes this phenomenal rise in token minting to several factors. The development and accessibility of token incubators, alongside platforms like Pump.fun, have significantly lowered entry barriers for token creation. Furthermore, improvements in blockchain infrastructure streamline the process, allowing developers to quickly launch new assets.
The emerging trend of meme coins has also contributed to this increase. With the ability to turn viral internet memes into tradable tokens, the meme culture continuously propels new token ventures. As Ong posits, “At this rate, we’re heading towards 1 BILLION tokens in the next 5 years.”
Moreover, this expansion isn’t just isolated to tokens. Ong suggests that the blockchain landscape is evolving rapidly, with 5 to 10 new blockchains launching each month. Most of these are Ethereum Virtual Machine (EVM)-compatible, promoting easier interactions within the crypto ecosystem.
In May 2024, Ong reported the launch of a record 17 new blockchains, reflecting an increasing demand for specialized networks. Notably, March 2024 saw the birth of 89 new decentralized exchanges (DEXes), which enhance trading options and further decentralize liquidity.
Is Token Creation Delaying Altcoin Season?
Despite the vigorous growth, the flood of new tokens raises concerns over liquidity fragmentation, which may hinder the altcoin season.
According to Ong, “Too many tokens, each spreading the limited attention and liquidity of traders even thinner. That’s why we don’t see the great alt pumps of previous cycles.”
Analyst Murad has noted that the crypto market is undergoing a fundamental shift due to this increased token proliferation, suggesting that the return of the traditional altcoin season may no longer be feasible.
“There will not be an Alt Season. Not in 2025,” he stated, emphasizing that the market may witness short-term trading speculation and a few meme coins achieving immense valuations instead.
Concerns have also been raised regarding platforms like Pump.fun, which some analysts believe are diverting liquidity away from established altcoins, subsequently diluting interest in traditional investments. Reports indicate that Pump.fun has facilitated the launch of over 7.8 million tokens, epitomizing the immense scale of current market activity.
Future Outlook for Crypto Tokens
As the landscape evolves, the sheer volume of new crypto assets brings both opportunities and challenges. The balance between innovation and market saturation will be pivotal in determining the future of token investments.
Conclusion
The unprecedented rate of token creation signals a transformative period for the crypto industry, with potential implications for liquidity, market dynamics, and the approach to traditional altcoins. As the market continues to adapt, investors and analysts must consider the ramifications of such expansion and strategize accordingly.
