Surge in Ethereum ERC-20 Token Creation Possibly Linked to Memecoin Deployment

Over the last fortnight, there has been a significant surge in the creation of Ethereum ERC-20 Tokens. Between April 17th and 27th, the daily average reached a peak of 1,355, with a record-breaking high of 1,720 documented on April 20th. This figure is notably higher than the 600-800 daily average noted during the SHIB month in 2021. One possible explanation for this uptick is the widespread deployment and manipulation of Memecoins by a particular coin-issuing organization.