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98% Of Pump.fun Tokens Are Frauds: The Extractive Nature Of Solana Meme Coins
benzinga.com/markets/cryptocurrency/25/05/45297511/98-of-pump-fun-tokens-are-frauds-the-extractive-nature-of-solana-meme-coins
A new report by Solidus Labs on Thursday exposed rampant fraudulent activity in Solana's (CRYPTO: SOL) meme coin market, identifying that 98.7% of tokens on the decentralized exchange Pump.Fun are involved in pump-and-dump schemes or rug pulls.
Additionally, 93% of liquidity pools on…
This story appeared on benzinga.com, 2025-05-08 18:58:06.