According to a report by CriptoNoticias, following the launch of Western Union's official stablecoin, US Dollar Payment Token (USDPT), on Solana, at least 24 counterfeit USDPT tokens have appeared on the Solana network. DEXTools data shows that some of these counterfeit tokens were created on platforms such as Pump.fun and Raydium, with some created just an hour ago and others as early as six months ago. DEXTools data also shows that one of these counterfeit tokens saw its price increase by approximately 100% in the past 24 hours. These counterfeit tokens pose a "Rug Pull" risk, causing the token price to quickly drop to zero, putting investors at risk of losing all their principal.
More than 20 fake Western Union stablecoin USDPT tokens have appeared on Solana.
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