📊 Report: Over 1.25 Million New Tokens on the Solana Network in June
According to recent data, more than 1.25 million tokens were launched on the Solana network during the past month of June, continuing the intense activity on the network.
Although this figure is substantial, it marks a slight decline compared to last May, which witnessed a peak in releases.
🚨 Market Notes:
The network #Solana still maintains its position as the most attractive network for launching new tokens, thanks to its user-friendliness and low transaction costs.
However, the vast majority of these tokens are created for short-term purposes, specifically quick dumping activities and speculation.
Observers point out that the network has become a preferred environment for launching low-quality meme coins, some of which are associated with fraudulent practices.
📉 In light of this activity, investors are advised to exercise caution when dealing with new tokens and to assess projects in terms of transparency and actual utility.
