Pump.Fun Token Launches Raise Red Flags, 98.6% Tied to Scams

A recent report by Solidus Labs has raised concerns about the legitimacy of tokens launched on Pump.Fun, a platform facilitating rapid meme coin creation and trading. The study reveals that 98.6% of tokens launched through this site are associated with scams like rug pulls or pump-and-dump schemes. While over seven million tokens have been created since its launch in 2024, only about 97,000 tokens, representing a mere 1.4%, remain liquid, indicating minimal trading activity.