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TechFlow reported, according to data released by on-chain investigation firm Chainalysis on Thursday, 54% of all tokens launched on Ethereum in 2023 showed trading activity indicative of pump-and-dump schemes, with some insiders deceiving the market for profit. These tokens accounted for 1.3% of the total trading volume across Ethereum's decentralized exchange networks.
Chainalysis, a blockchain investigation firm, said in data released Thursday that 54% of all tokens launched on Ethereum in 2023 showed trading activity indicative of pump-and-dump schemes, where insiders manipulate the market for profit. These tokens accounted for 1.3% of the total trading volume across Ethereum's decentralized exchange networks.
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