🔥The Truth Behind the Solana Meme Coin Crash: Over 7 Million Tokens, 98.6% Are Scams!
Solidus Labs' Groundbreaking Report: Most newly issued tokens on the Solana chain are almost all short-lived 'pump and dump' projects.
On the Pump.fun platform, of the 7 million tokens, only 97,000 have liquidity over $1000, while the rest are basically worthless.
And 98.6% of the tokens are classified as typical stock price manipulation scams, masquerading as memecoins while actually harvesting retail investors.
🎯Why has Solana become a breeding ground for scams?
Low on-chain fees, low DEX entry barriers
Pump.fun's combined curve model fuels extreme price volatility
Creators quickly arbitrage through 'same block sniper' tactics
Over 90% of Raydium pools exhibit 'soft rug' characteristics (instant liquidity withdrawal)
Some users even cashed out $3.7 million by creating 18,000 coins!
📉 These types of platforms not only exacerbate speculative sentiments but also trigger legal troubles—this year, there have already been two class-action lawsuits, accused of assisting in illegal financing, with stakes potentially reaching $500 million.
When the tide of memes goes out, it's clear who is swimming naked.
