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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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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.

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