YIKES! 54% of All Tokens Launched on Ethereum in 2023 Were Pump and Dump Schemes

TL;DR

• Chainalysis simply revealed some knowledge that means 54% of all tokens launched on Ethereum in 2023 had been pump and dump schemes.

• If there’s some excellent news to remove, these pump n’ dump tokens solely comprised 1.3% of complete buying and selling quantity on Ethereum’s DEX networks, which suggests most of those token launches fell on deaf ears.

Full Story

Permissionless networks that enable anybody to create a tradable digital forex in only a few clicks:

Professionals — there aren’t any guidelines or limitations to entry.
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Chainalysis simply revealed some knowledge that means 54% of all tokens launched on Ethereum in 2023 had been pump and dump schemes.

Say it with us now: ‘YIKES!’

(Not an awesome search for the business).

However there’s some (kinda) excellent news right here:

These pump n’ dump tokens solely comprised 1.3% of complete buying and selling quantity on Ethereum’s DEX networks, which suggests most of those token launches fell on deaf ears.

Keep secure on the market people!