Solana is being flooded with thousands of new tokens as traders hunt for the next 1,000x

This month, more new hits were made on Solana than anywhere else in the network's history.

In the last two weeks alone, data shows that 72,202 new tokens have appeared on Solana using the SPL token standard. Solscan. This is 71 times more than the amount of coins created on the network during the same period in October.

Daily statistics for new token creation on Solana are now consistently four times higher than they have been since Solana launched in 2020.

The ecosystem of Solana has made a remarkable comeback in the past two months – one that has improved SOLSolana NFTsSolana meme coinsAnd even Solana's desire Smartphone– Such an impressive token creation cannot be explained by the organic increase of network activity.

“You can imagine that it will probably double or triple [new SPL token creation] Because of the general movement SlorgAnonymous Blockchain researcher and Solana NFT tool project leader Sol burnerHe told him Decrypt. But how do you earn 6,000 tokens per day?

Slorg is embroiled in controversy when a fake Soul Incinerator symbol recently appeared on Solana. By monitoring transactions on-chain, Slorg and his team discovered that the importer created dozens of new SOL coins on the same day, pouring and dumping each one within minutes before moving on to the next, PUZZ, RUN, BABY. Dino, and DEGEN BOT, to name a few.

“Of these 7,000 tokens that are launching every day, many of these 30-day style char-type tokens are farmers looking at the ‘latest' tab on Birdeye,” Slorg said, referring to the popular crypto business. Data collector. Slorg tweeted this week: “Someone found 300 wallet ways to launch. [tokens] Within a week itself.”

To be clear, not every skillful Solana meme coin takes more than an hour to rougepool. BONK is firmly attached Road map (Including the launch of BonkBot's automated trading bot, which is gaining momentum). The token It was launched by a team including famous Solana builders and has a wide ecosystem of support. And Dogwhip It has been consistently capitalized since its launch last month.

But the success of some tokens in the context of Solana's broader resurgence seems to have attracted enough developers who are willing to flood the ecosystem with fake coins, motivated by the prospect of earning even a few dollars per gambit.

“A lot of people tell me, ‘That's the whole point of crypto,'” Slorg said. “And that's demoralizing because I think we could be so much more.”

Edited by Andrew Hayward.