**CoinGecko just dropped a new report on cryptocurrencies.
* Here are4 WILD stats from it:
* 24,000 cryptocurrencies have been listed on CoinGecko since the year 2014.
* That’s an average of 7 new tokens, every single day.
* Of those, \~58% has died.
* More than half of the dead tokens launched during the 2021 bull run.

*The big takeaway: there’s always a spike in token “deaths” during bull runs.*

* Why? It’s because it's getting easier and easier to launch a token; It's also getting easier and easier to scam. That’s why the number of dead tokens (mostly rugpulls!) jumped from 32 in the year 2016 to 346 during the 2017 bull run (A 10x increase!). Then, totally unexpectedly, it jumped from 1,806 in the year 2020 to 5,724 during the 2021 bull run (A). With another bull run coming up, we are expected to witness yet another spike in “dead” tokens.