A recent report reveals that an alarming 98% of tokens listed on the platform Pump Fun are either indicative of rug pulls or fraudulent activities. This striking statistic underscores the prevalence of scams in the cryptocurrency space, raising significant concerns about investor safety and the reliability of emerging tokens. The findings suggest a critical need for enhanced due diligence and regulatory oversight within the crypto market. As investors continue to flock to decentralized applications and new tokens, the risk of falling victim to malicious projects remains high. The report serves as a cautionary tale, highlighting the necessity for thorough research and awareness before investing in any cryptocurrency-related project.

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