1500% increase in 4 years! Is the explosion of cryptocurrencies a real opportunity or a scam concentration camp?
Data shows that the number of cryptocurrency projects skyrocketed from 420,000 in 2021 to nearly 7 million today, driven by pump.fun on the Solana chain—anyone can issue a coin, and memecoins are everywhere. But behind the hustle and bustle, the failure rate is as high as 52.7%, with 1.8 million projects collapsing just in Q1 2025.
This is a decentralized boom, but also a speculative bubble. For new projects, don’t just look at the popularity; understand the code quality, team background, and liquidity distribution to have a chance of survival.
