Daily new cryptocurrencies created drops 35% under Trump’s 2nd tenure
Main Idea
The number of newly created cryptocurrencies has declined by 34.5% since Donald Trump's second term began, likely due to fading initial optimism and high failure rates of new projects.
Key Points
1. As of August 7, 2025, the number of newly created cryptocurrencies was 47,397, a 34.5% drop from 72,454 on January 20, 2025.
2. Initial optimism from Bitcoin's surge past $123,000 under Trump's pro-crypto administration has faded, contributing to the decline in new launches.
3. High failure rates of new cryptocurrencies, often due to poor liquidity, weak marketing, or stiff competition, have also dampened new project creation.
4. CoinMarketCap tracks 19.19 million cryptocurrencies, with a yearly high of 184,087 in April and a low of 4,438 since September 2024.
Description
The cryptocurrency market has seen a decline in the creation of new digital currencies since the start of Donald Trump’s second term. As of August 7, 2025, the number of newly created cryptocurrencies stood at 47,397, a 34.5% drop from the 72,454 recorded on January 20, 2025, the day Trump was sworn in, according to data retrieved by Finbold from CoinMarketCap on August 9. Notably, the platform currently tracks 19.19 million cryptocurrencies, with a yearly high of 184,087 recorded in April and a...
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