Chainalysis: In 2022, 24% of new tokens exhibited pump-and-dump characteristics, with investors spending $4.6 billion on these suspected fraudulent tokens

ChainCatcher message, Chainalysis found through analyzing all tokens launched on Ethereum and BNB Chain in 2022 that among the 1.1 million new tokens launched last year, if only counting those that achieved at least 10 exchanges and traded for 4 consecutive days within a week of their release, the number of new tokens is 40,521. Among the 40,521 tokens, 9,902 (24%) experienced a price drop of over 90% in the first week, indicating potential pump-and-dump activities.

Chainalysis estimates that investors spent $4.6 billion worth of cryptocurrency purchasing these 9,902 different suspected fraudulent tokens. Among them, 445 individuals or groups account for 24% of the 9,902 tokens with suspicious pump-and-dump characteristics. (Source link)