Market Manipulation May Have Hit Majority of New Ethereum Tokens in 2023: Chainalysis – CoinDesk
The big advantage of creating a financial market on a permissionless network is that there are no rules. That may also be a drawback. Data released Thursday by on-chain research firm Chainalysis suggests that 54% of all tokens launched on Ethereum in 2023 were a pump-and-dump scheme in which insiders defrauded the market and profited. […]