Pump.fun, a popular token launch platform on the Solana blockchain, has become a hotspot for meme coins and quick-profit schemes. But beneath the hype lies a harsh reality: about 98% of tokens launched on Pump.fun are scams. This article breaks down why this happens, what it means for investors, and how to stay safe.
The Harsh Truth About Pump.fun Tokens
Since January 2024, over 7 million tokens have been launched on Pump.fun. Out of these, only about 97,000 tokens-less than 1.4%-still hold liquidity above $1,000. That means the vast majority of these tokens quickly lose value and become worthless.
The scam rate is staggering: 98.6% of tokens are flagged as scams, rug pulls, or pump-and-dump schemes. One of the largest scams involved a token called MToken, which caused losses of up to $1.9 million
Read More : https://onthenode.com/cryptocurrency/98-of-pump-fun-tokens-are-scams-what-you-need-to-know
| 20,000 mlx | |
| 79 | |
| 12 |