Solidus Labs, a cryptocurrency risk monitoring firm, has issued a stark warning regarding tokens launched on the Pump.fun platform. Their analysis reveals that a staggering 98.6% of these projects exhibit characteristics indicative of rug pulls or pump-and-dump schemes. This high percentage underscores the significant risks associated with investing in newly launched tokens on the platform. The report highlights the fleeting nature of liquidity in the vast majority of these tokens. Out of the millions of tokens created, only a tiny fraction – approximately 97,000 – managed to sustain a liquidity level of $1000 or more, according to CoinDesk. This suggests that most tokens quickly lose value, leaving investors with losses. Investors should exercise extreme caution and conduct thorough due diligence before engaging with any token projects originating from Pump.fun or similar platforms. The high prevalence of scams necessitates a cautious and informed approach to protect against potential financial losses. ```