Chainalysis: 24% of new tokens in 2022 will have pump-and-dump features, and investors will spend $4.6 billion on these suspected fraudulent tokens

Chainalysis analyzed all tokens launched on Ethereum and BNB Chain in 2022 and found that among the 1.1 million new tokens launched last year, if only counting the ones that achieved at least 10 conversions and 4 consecutive days of transactions within a week after the release In terms of tokens, the number of new tokens is 40,521. Of the 40,521 tokens, 9,902 (24%) experienced a price drop of more than 90% in the first week, suggesting possible pump-and-dump activity. Chainalysis estimates that investors spent $4.6 billion worth of cryptocurrency on the 9,902 different suspected fraudulent tokens. Of these, 445 individuals or groups accounted for 24% of the 9,902 suspected pump and dump tokens.