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Ethereum Decrypt

Most New Ethereum Tokens Appear to Be Pump and Dumps—But There's Good News

The potentially scammy tokens only represented 1.3% of DEX volume in 2023, suggesting only a small number of traders fall for them, according to a Chainalysis report.

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

Most New Ethereum Tokens Appear to Be Pump and Dumps—But There's Good News
The potentially scammy tokens only represented 1.3% of DEX volume in 2023, suggesting only a small number of traders fall for them, according to a Chainalysis report.

Why this matters

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

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