Report: Since 2024, Pump.fun has launched 7 million tokens, 98.6% of which have been identified as rug pulls.

According to TechFlow, on May 12, Solidus Labs released a recent research report showing that since 2024, the Solana ecosystem trading platform Pump.fun has launched 7 million tokens, of which up to 98.6% have been identified as rug pull activities. The report also pointed out that about 93% of liquidity pools on another major decentralized exchange, Raydium, exhibit similar fraudulent characteristics. The Solana blockchain, due to its low fees and fast transaction features, has become a hotbed for memecoin speculation and fraud activities. In response to the severe situation, the US SEC and DOJ have started to strengthen regulation of cryptocurrency fraud, and experts recommend that institutions and users adopt effective monitoring tools to mitigate risks.