Chainalysis delved into pump-and-dump schemes and discovered that between January and December 2023, slightly over 370,000 tokens were introduced on Ethereum. Of these, around 168,600 were accessible for trading on at least one decentralized exchange (DEX) Among those listed on DEXs, 54% met Chainalysis’s criteria, which is suggestive of potential market manipulation. malicious entities collectively gained $241.6 million through these potentially unlawful schemes. Interestingly, tokens meeting Chainalysis’ criteria yielded an average profit of just $2,672 each, constitutin.
Source: Chayanika Deka, 2024-02-02; https://cryptopotato.com/chainalysis-report-exposes-majority-of-pump-and-dump-schemes-end-in-failure/