PANews reported on February 9 that according to Cointelegraph, the total number of cryptocurrency tokens listed on CoinMarketCap is approaching the 11 million mark, and there are currently more than 10.99 million different digital assets. The sharp increase in newly issued tokens in 2024 and early 2025 was mainly driven by the Meme coin launched on the Solana chain. Market analyst Ali Martinez Martinez estimates that there are more than 36 million altcoins in existence, while there were less than 3,000 altcoins during the 2018 cycle and less than 500 altcoins during the 2013-2014 period. Due to such a large supply, the market has changed dramatically.