$4.6B Spent on Buying “Pump and Dump” Tokens Last Year

According to Chainalysis, it is possible that the nearly 10,000 tokens that were launched on BNB and Ethereum last year were created solely for the purpose of duping investors. In 2022, investors in cryptocurrency invested as much as $4.6 billion in “pump and dump” tokens. All “Pump and Dump” Tokens Launched on the BNB & Ethereum Blockchains Chainalysis, a blockchain analytics company, published a report on February 16 that found that “all tokens launched” in 2022 on the BNB and Ethereum blockchains bore characteristics of a “pump and dump” scheme. Typically, the creators of such schemes plan a campaign of The post $4.6B Spent on Buying “Pump and Dump” Tokens Last Year appeared first on Cryptoknowmics-Crypto News and Media Platform .