According to a ChainCatcher report citing CoinDesk, a report by Solidus Labs reveals that Solana has become a popular blockchain for criminals and scammers, with 98.6% of tokens launched on pump.fun marked as scams or fraudulent trades. Since its establishment in January 2024, pump.fun has issued over 7 million Tokens, with only 97,000 Tokens maintaining at least $1,000 in liquidity. The largest fraud transaction discovered by Solidus Labs during this period was valued at $1.9 million and was related to MToken.
Additionally, on Raydium, Solidus Labs found that 93% of liquidity pools (361,000 pools) exhibited soft Rug Pull characteristics, with a median Rug Pull value of $28,000.
