TechFlow reports that on January 27, Yu Xian, founder of SlowMist, posted on X revealing that some copycat tokens within the Solana ecosystem have been using price feed manipulation to deceive users about token authenticity. These counterfeit tokens are nearly identical to legitimate ones—differing only in contract address—and have successfully manipulated price data across multiple exchanges, the Solscan block explorer, and major wallets via fake price feeds, increasing the risk of users accidentally purchasing them.
Yu Xian highlighted a typical case:
After purchasing an authentic MEME token, a victim’s wallet transaction history was tracked. Subsequently, they received several spam MEME tokens. Driven by FOMO, during their next trade, the user directly copied the spam MEME token's contract address (CA) from their transaction history. Since the spam token appeared identical to the original aside from the contract address—and displayed a seemingly normal price—the user was deceived into making the transaction.
