Out of a total supply of 370,000 tokens, around 168,600 are available for trading on decentralized exchanges such as Uniswap, PancakeSwap, SushiSwap, 1Inch, dYDX, and others. Among these 168,600 tokens, about 90,408 exhibit characteristics of a pump-and-dump scheme (representing 24.4% of all tokens on Ethereum and 53.6% of assets on decentralized markets).
Experts emphasize that these fraudulent tokens are produced by the same individuals who are behind multiple fake cryptocurrency projects. Chainalysis estimates that the organizers of pump-and-dump schemes earned a profit of $241.6 million in the previous year.
As an example, Chainalysis specialists discovered a wallet that issued 81 tokens and generated profits exceeding $800,000. The perpetrator conducted several fictitious transactions and then withdrew Ether from the trading pool on a decentralized exchange. Unfortunately, other traders were unable to exit their positions and incurred losses.
Earlier, Vitalik Buterin introduced a strategy aimed at enhancing the betting mechanism on the Ethereum network and improving the overall performance of the blockchain as a whole.