TL;DR
Chainalysis simply revealed some knowledge that means 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:
Execs — there aren’t any guidelines or obstacles to entry.Cons — there aren’t any guidelines or obstacles to entry.
Chainalysis simply revealed some knowledge that means 54% of all tokens launched on Ethereum in 2023 have been pump and dump schemes.
Say it with us now: ‘YIKES!’
(Not an awesome search for the trade).
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 of us!
