🚨 PUMP.FUN: 98% OF TOKENS ARE FRAUDS! 🚨
🔹 Fraud Alert: A staggering 98% of tokens launched on Pump.fun are fraudulent, with many being rug pulls or honeypots that trap investors.
🔹 Regulatory Scrutiny: Solidus Labs warns that these predatory mechanics could attract legal action from the DOJ or state prosecutors.
🔹 Platform Exploits: Pump.fun has faced multiple security breaches, including a $1.9M exploit by a former employee and a compromised X account promoting scam tokens.
🔹 User Caution: Investors are urged to exercise extreme caution and conduct thorough due diligence before engaging with meme coins on Pump.fun.
💬 Your Take: Is the meme coin market a breeding ground for scams, or can it be reformed? Share your thoughts below!
🔁 REPOST to spread awareness and protect fellow investors!
#pumpfun #solana #memecoins #MEMEAct #BinanceSquare
