Has 50 million tokens just started?

According to Conor Grogan, director of Coinbase, there are currently 50 million different crypto tokens in circulation. This is a number that highlights both innovation and speculation in the market.

Grogan has this in mind. “This is about 6,000 tokens per US stock or ETF listing. There is one token for each student at the US K-12 public school. If someone tries to read all the token names, it takes almost 600 days for one second per second.”

Grogan reflected not only the current numbers, but also the future. “I’m seriously afraid of how many we will be in five, ten, twenty years,” he said in response to a user who highlighted the recent token explosion through Solana Pump.Fun. The Coinbase director is pondering whether the current 50 million numbers can swell to billions, or even trillions.

Pump.Fun was one of the biggest drivers of the explosive growth of memecoin and the surge in activity on the Solana blockchain over the past year.

Pump.Fun allows users to quickly create, promote and sell meme coins with celebrities and famous individuals, along with tokens commonly associated with jokes and memes. A recent report suggests that the platform specializes in highly speculative crypto assets, intending to raise $1 billion by selling tokens, taking advantage of the current wave of bullish sentiment in the crypto market.

Cryptography for surges

Cardano founder Charles Hoskinson predicted that Bitcoin could reach $250,000 this year or next year. Hoskinson has identified many factors that could drive Bitcoin to its price. First, he said that more people are using cryptocurrency recently. In 2024, the number of cryptocurrency owners rose 13% year-on-year to 659 million.

Hoskinson also believes that the Stubcoin bill in particular might encourage “magnificent 7” companies to adopt crypto assets. The epic 7 consists of seven megacap technology stocks, including Apple, Microsoft and Amazon.