一波失败席卷了加密货币市场

在2025年初，以前难以想象的量表上的失败浪潮已经席卷了加密货币市场，创纪录的180万个令牌崩溃了。

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，以前难以想象的量表上的一波失败已经席卷了加密货币市场，第一季度的180万个令牌崩溃了。

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的一份报告说，这几乎是自2021年以来发行的所有加密代币的25％。

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

所有新加密代币的四分之一在2025年的前三个月倒塌

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.

崩溃袭击了加密货币市场的大部分。根据Coingecko研究分析师Shaun Paul Lee的说法，自2021年以来列出的近700万个加密货币中，超过一半（360万）完全停止了交易。

The mortality rate has surged significantly from earlier years.

自早期的死亡率显着飙升。

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日的报告中写道，2025年的前三个月经历了比任何日历年都要多的令牌失败。与2021年至2023年的整个跨度相比，该数字尤其值得注意，在过去五年中，这一数字仅占所有加密货币失败的12.6％。

Trump’s Presidency And Market Turbulence Linked To Crypto Demise

特朗普的总统任期和市场动荡与加密货币灭亡有关

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.

正如该报告所述，自1月份唐纳德·特朗普（Donald Trump）就职典礼以来，代币最近的死亡与更广泛的市场波动相吻合。

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.

在此期间，随着比特币的历史最高水平，加密货币市场的急剧下降。三月份的情况变得更糟，当时加密货币和股票市场都史无前例的波动。

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

这种波动性在特朗普对施加全面关税的威胁之后，这引起了多个金融市场的冲击波。

Easy Token Creation Tools Caused Market Flooding

易于代币的创建工具引起了市场洪水

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.

令牌失败的创纪录速度始于2024年1月，当时出现了一个简单的令牌创建工具。该网站允许建造新的加密货币，从而极为容易，从而导致大量的成员和懒惰的项目淹没市场。

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.

仅2024年就发布了超过300万个新的加密代币，几乎是2023年的四倍，其新添加量略高于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

在进行泵之前。

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.

统计数据使大约98％的令牌铸造在泵上。FUN不会居住在该地点上。即使在2024年11月最成功的一周中，只有1.67％的Memecoins设法过渡到公开市场。

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创始人Bobby Ong在三月的一份报告中指出，投资者对Memecoins的需求似乎在一系列失败的发布后消失了。他特别引用了天秤座（天秤座）令牌的后果，这是原因的一部分。

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.

尽管Pump.Fun在特朗普的Memecoin于1月18日启动后看到了其有史以来的每周交易量，但市场随后的波动似乎避免了加密货币领域的兴奋。

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.

该报告表明，简单的代币创建软件和动荡的市场条件的婚姻如何形成了加密货币崩溃的完美风暴，没有任何迹象表明，随着我们进一步发展到2025年，这种趋势会放缓。