一波失敗席捲了加密貨幣市場

在2025年初，以前難以想像的量表上的失敗浪潮已經席捲了加密貨幣市場，創紀錄的180萬個令牌崩潰了。

A wave of failures on a previously unimaginable scale has swept over the crypto market at the start of 2025, with a record 1.8 million tokens collapsing during the first quarter.

在2025年初，以前難以想像的量表上的一波失敗已經席捲了加密貨幣市場，第一季度的180萬個令牌崩潰了。

That is almost 25% of all crypto tokens issued since 2021, says a report by crypto information platform CoinGecko.

加密信息平台Coingecko的一份報告說，這幾乎是自2021年以來發行的所有加密代幣的25％。

A Quarter Of All New Crypto Tokens Collapsed In First Three Months Of 2025

所有新加密代幣的四分之一在2025年的前三個月倒塌

The meltdown hits a massive portion of the crypto market. According to CoinGecko research analyst Shaun Paul Lee, of the almost 7 million cryptocurrencies listed since 2021, over half (3.6 million) have ceased trading entirely.

崩潰襲擊了加密貨幣市場的大部分。根據Coingecko研究分析師Shaun Paul Lee的說法，自2021年以來列出的近700萬個加密貨幣中，超過一半（360萬）完全停止了交易。

The mortality rate has surged significantly from earlier years.

自早期的死亡率顯著飆升。

The first three months of 2025 experienced more token failures than any calendar year on record, Lee wrote in his April 30 report. The figure is especially noteworthy compared to the whole span from 2021 through 2023, which represented only 12.6% of all cryptocurrency failures in the last five years.

Lee在4月30日的報告中寫道，2025年的前三個月經歷了比任何日曆年都要多的令牌失敗。與2021年至2023年的整個跨度相比，該數字尤其值得注意，在過去五年中，這一數字僅佔所有加密貨幣失敗的12.6％。

Trump’s Presidency And Market Turbulence Linked To Crypto Demise

特朗普的總統任期和市場動盪與加密貨幣滅亡有關

As the report states, the recent die-off of tokens coincides with wider market volatility since Donald Trump’s inauguration as US President in January.

正如該報告所述，自1月份唐納德·特朗普（Donald Trump）就職典禮以來，代幣最近的死亡與更廣泛的市場波動相吻合。

As Bitcoin hit an all-time high during this period, it was followed by a steep decline in crypto markets. Things got worse in March, when both cryptocurrency and equity markets saw unprecedented volatility.

在此期間，隨著比特幣的歷史最高水平，加密貨幣市場的急劇下降。三月份的情況變得更糟，當時加密貨幣和股票市場都史無前例的波動。

This volatility followed Trump’s threat to apply sweeping tariffs, which caused shockwaves in multiple financial markets.

這種波動性在特朗普對施加全面關稅的威脅之後，這引起了多個金融市場的衝擊波。

Easy Token Creation Tools Caused Market Flooding

易於代幣的創建工具引起了市場洪水

The record surge in token failures begins back in January of 2024, when an easy token creation tool called Pump.fun emerged. The website allowed for it to be extremely easy to build new cryptocurrencies, causing a torrent of memecoins and lazy projects to flood the market.

令牌失敗的創紀錄速度始於2024年1月，當時出現了一個簡單的令牌創建工具。該網站允許建造新的加密貨幣，從而極為容易，從而導致大量的成員和懶惰的項目淹沒市場。

More than 3 million new crypto tokens were released in 2024 alone – almost four times the amount of 2023, which had slightly more than 835,000 new additions.

僅2024年就發布了超過300萬個新的加密代幣，幾乎是2023年的四倍，其新添加量略高於835,000。

Prior to Pump.fun, cryptocurrency failures were not very common, with figures in the “low six digits,” Lee’s analysis said.Almost All Pump.fun Tokens Fail To Graduate To Open Market

在進行泵之前。

The statistics are such that approximately 98% of tokens minted on Pump.fun do not live past the site. Even at the platform’s most successful week in November of 2024, only 1.67% of memecoins managed to transition to the open market.

統計數據使大約98％的令牌鑄造在泵上。 FUN不會居住在該地點上。即使在2024年11月最成功的一周中，只有1.67％的Memecoins設法過渡到公開市場。

CoinGecko founder Bobby Ong noted in a March report that investor demand for memecoins seems to have dissipated following a string of failed launches. He specifically cited the aftermath of the Libra (LIBRA) token launch as part of the reason.

Coingecko創始人Bobby Ong在三月的一份報告中指出，投資者對Memecoins的需求似乎在一系列失敗的發布後消失了。他特別引用了天秤座（天秤座）令牌的後果，這是原因的一部分。

Although Pump.fun saw its all-time weekly trading volume after Trump’s memecoin launched on January 18, the volatility that followed in the markets seems to have subdued the excitement in the crypto sector.

儘管Pump.Fun在特朗普的Memecoin於1月18日啟動後看到了其有史以來的每週交易量，但市場隨後的波動似乎避免了加密貨幣領域的興奮。

The report indicates how the marriage of simple token creation software and volatile market conditions has formed a perfect storm for cryptocurrency collapse, with no indication that the trend will be slowing down as we progress further into 2025.

該報告表明，簡單的代幣創建軟件和動蕩的市場條件的婚姻如何形成了加密貨幣崩潰的完美風暴，沒有任何跡象表明，隨著我們進一步發展到2025年，這種趨勢會放緩。