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Most New Ethereum Tokens Appear to Be Pump and Dumps—But There's Good News

Retrieved on: 2024-02-04 12:14:42

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Most New Ethereum Tokens Appear to Be Pump and Dumps—But There's Good News. View article details on HISWAI: https://startupnews.fyi/2024/02/04/most-new-ethereum-tokens-appear-to-be-pump-and-dumps-but-theres-good-news/

Summary

A Chainalysis report indicates that over half of the Ethereum tokens on DEXs may be involved in pump and dump schemes, despite representing a small portion of total trading volume. The study emphasizes the importance of on-chain analysis in identifying and understanding fraudulent activities in cryptocurrencies.

Article found on: startupnews.fyi

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