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Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year

Nearly 10,000 tokens launched on BNB and Ethereum last year are suspected to have been created just to dump on investors, according to Chainalysis.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year

Nearly 10,000 tokens launched on BNB and Ethereum last year are suspected to have been created just to dump on investors, according to Chainalysis.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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