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TL;DR
Chainalysis simply printed some information that implies 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 whole 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 boundaries to entry.Cons — there aren’t any guidelines or boundaries to entry.
Chainalysis simply printed some information that implies 54% of all tokens launched on Ethereum in 2023 had been pump and dump schemes.
Say it with us now: ‘YIKES!’
(Not a fantastic search for the trade).
However there may be some (kinda) excellent news right here:
These pump n’ dump tokens solely comprised 1.3% of whole 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!
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