diff --git a/app/charts/management/commands/__init__.py b/app/charts/management/commands/__init__.py
new file mode 100644
index 0000000..e69de29
diff --git a/app/charts/management/commands/initialize_data.py b/app/charts/management/commands/initialize_data.py
new file mode 100644
index 0000000..d17d796
--- /dev/null
+++ b/app/charts/management/commands/initialize_data.py
@@ -0,0 +1,34 @@
+from django.core.management.base import BaseCommand
+
+from ...models import Coin
+from ...synchronous import (
+    update_database,
+    update_dominance,
+    update_p2pool,
+    update_rank,
+    get_history_function,
+)
+from ...asynchronous import (
+    get_block_data,
+    get_coin_data,
+    get_coinmarketcap_data,
+    get_network_data,
+    get_p2pool_data,
+    get_social_data,
+    update_others_data,
+    update_xmr_data,
+)
+
+
+class Command(BaseCommand):
+    help = "Initializes the database with the latest data"
+
+    def handle(self, *args, **options):
+        Coin.objects.all().delete()
+
+        for coin in ["xmr", "btc", "dash", "zec", "grin"]:
+            try:
+                self.stdout.write(self.style.SUCCESS(f"Updating {coin} data"))
+                get_history_function(coin)
+            except Exception as e:
+                self.stdout.write(self.style.ERROR(f"Error with {coin}: {e}"))