98% of Tokens on Pump.fun Are Rug Pulls or Fraud: Report

A mannequin new report from Solidus Labs has uncovered an infinite quantity of what it calls “fraudulent” put collectively on the Solana blockchain.

The findings revealed that 98.6% of tokens launched on Pump.good may presumably be categorized as every rug pulls or pump-and-dump schemes.

Solana: A Hotbed for Meme Coin Scams?

In its report, the crypto surveillance agency pointed to Solana’s low prices and user-friendly decentralized exchanges (DEX) as key the rationale why it has develop acceptable associated acceptable acceptable associated acceptable acceptable related associated related related associated associated related associated acceptable associated acceptable acceptable acceptable acceptable acceptable acceptable related acceptable acceptable related related acceptable related related acceptable acceptable related acceptable related associated acceptable acceptable related associated related associated related related related related related associated related acceptable related associated acceptable related acceptable acceptable related acceptable related acceptable acceptable related associated acceptable related associated associated acceptable associated associated acceptable associated related related acceptable associated related acceptable acceptable associated acceptable acceptable associated related acceptable associated related acceptable related related acceptable acceptable related associated acceptable related acceptable acceptable related associated acceptable related acceptable acceptable related acceptable acceptable acceptable acceptable acceptable related acceptable related acceptable acceptable related acceptable acceptable related acceptable related related related related related associated related related acceptable acceptable related related related related related related related related related acceptable related related acceptable related related acceptable related associated acceptable associated acceptable related related associated related related associated acceptable related associated acceptable related acceptable acceptable related acceptable acceptable associated acceptable associated acceptable associated acceptable acceptable related associated acceptable related associated acceptable related associated acceptable associated related acceptable associated related associated associated related associated acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable related acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable associated acceptable acceptable associated acceptable acceptable associated acceptable acceptable associated acceptable related associated acceptable related associated acceptable related related acceptable related associated acceptable related related associated related associated related associated acceptable related acceptable acceptable related acceptable related related acceptable related related acceptable related acceptable acceptable related acceptable acceptable related associated related related acceptable related related acceptable related acceptable acceptable acceptable acceptable acceptable acceptable related acceptable acceptable related associated acceptable related acceptable acceptable related acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable associated acceptable acceptable associated acceptable acceptable acceptable acceptable acceptable correct proper right correct proper right into a hotspot for meme coin hypothesis.

“Retailers beware on account of Solana ecosystem continues to develop, it’s an rising variety of further turning into flooring zero for memecoin fraud,” Solidus warned.

On the coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary coronary heart of this progress is Pump.good, a Solana-based token-generating platform, which has seen each single day in quest of and selling volumes exceed $100 million. Based totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally on Solidus, this resolve was primarily pushed by speculative meme coin put collectively.

Between January 2024 and March 2025, over 7 million tokens had been deployed with a minimal of 5 trades every. Of those, solely 97,000 retained liquidity above $1,000. The report concludes that 98.6% of tokens on the platform collapsed into nugatory pump-and-dump schemes shortly after launch.

Earlier all by the yr, CryptoPotato reported on a Pump.good one which created a minimal of 18,000 cash and netted elevated than $3.7 million from fast value pumps and strategic exits.

The platform as we converse launched an computerized market maker (AMM) that applies a bonding curve pricing mannequin. Beneath this technique, token costs improve exponentially with every buy, which advantages creators and early patrons.

Based totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally on the evaluation, this mannequin disadvantages later members on account of bigger token costs and potential losses when creators liquidate their holdings.

A separate report by Pine Analytics furthermore highlighted a apply usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually moreover usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually usually referred to as deployer-funded, same-block sniping. This technique permits creators to earnings by executing trades contained contained all by the equal block as token deployment.

Solidus Labs furthermore examined Raydium, one totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally completely totally completely completely totally completely completely totally completely totally completely completely totally fully completely totally completely totally different compulsory Solana-based DEX that makes use of typical liquidity swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming pools funded by token makers. Out of 388,000 swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming swimming pools analyzed, 361,000, or 93%, confirmed traits of soppy rug pulls. This concerned incidents the place liquidity was your full sudden withdrawn, inflicting value crashes.

The monetary hurt from such circumstances varies. About 25% of the concerned elements had been beneath $732. Nonetheless, the median resolve was about $2,832, whereas compulsory one detected amounted to $1.9 million.

Licensed Troubles And Controversies

In January, Pump.good was centered by two class-action lawsuits. Each accused the platform of violating U.S. securities licensed pointers by facilitating the launch of unregistered tokens and allegedly amassing as tons as $500 million in associated prices.

In December closing yr, it was compelled to briefly pause its livestream perform after token creators began making disturbing broadcasts to pump their cash. All by the non eternal aftermath, Pump.good confronted a $22 million earnings crash, with on-chain data exhibiting weekly earnings nosediving.