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

February 3, 2024
in Web3
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TL;DR

Chainalysis simply printed some information that implies 54% of all tokens launched on Ethereum in 2023 have 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 permit anybody to create a tradable digital foreign money in only a few clicks:

Professionals — there aren’t any guidelines or obstacles to entry.Cons — there aren’t any guidelines or obstacles to entry.

Chainalysis simply printed some information that implies 54% of all tokens launched on Ethereum in 2023 have been pump and dump schemes.

Say it with us now: ‘YIKES!’

(Not an excellent search for the trade).

However there may be 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 protected on the market people!



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Tags: dumpEthereumLaunchedPumpschemestokensYIKES
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