Chainalysis reported that nearly 5% of all tokens launched in 2024 show signs of pump-and-dump schemes.
Scale of Token Launches
The firm revealed that over 3 million tokens were introduced in 2024, with over 1.3 million listed on decentralized exchanges. However, only 1.7% of these tokens have seen active trading in the past 30 days.
Schemes and Manipulations
Many tokens may have been involved in short-lived schemes such as pump-and-dumps or rug pulls. Chainalysis noted that nearly 90% of decentralized exchange pools suspected in pump-and-dump schemes were 'rugged' by their creators.
Market and Investor Analysis
Wash trading volume across Ethereum, BNB Chain, and Coinbase’s Base amounted to approximately $2.57 billion in 2024. Over 77% of crypto wallets holding the Official Trump meme coin have seen minimal returns.
Chainalysis highlighted the importance of recognizing market manipulations, emphasizing the need for thorough analysis of new tokens and pools on decentralized exchanges.
