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.satisfying might very precisely be labeled 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 funds and user-friendly decentralized exchanges (DEX) as key motive it has flip related acceptable acceptable related acceptable acceptable related acceptable acceptable related acceptable associated acceptable acceptable associated acceptable associated associated associated related associated acceptable related acceptable acceptable related acceptable related associated acceptable related associated acceptable related associated acceptable related acceptable associated related associated related associated associated related acceptable associated related acceptable acceptable related acceptable acceptable related acceptable acceptable associated acceptable associated related acceptable acceptable associated acceptable acceptable acceptable acceptable acceptable acceptable associated acceptable related associated acceptable related associated related related associated related associated acceptable acceptable associated acceptable acceptable associated related acceptable associated associated acceptable associated acceptable related associated related related associated related acceptable related acceptable related associated acceptable associated acceptable acceptable acceptable acceptable acceptable associated acceptable related acceptable acceptable related acceptable acceptable associated related acceptable related acceptable acceptable acceptable acceptable acceptable acceptable acceptable associated acceptable acceptable associated acceptable acceptable related related acceptable associated related acceptable related associated associated associated acceptable associated associated acceptable acceptable associated acceptable acceptable related acceptable acceptable acceptable acceptable acceptable related acceptable acceptable associated acceptable acceptable related acceptable associated related acceptable associated related acceptable associated associated acceptable associated acceptable acceptable related acceptable acceptable associated related acceptable acceptable related acceptable associated related acceptable related related related related related acceptable related acceptable acceptable related acceptable acceptable related acceptable related acceptable acceptable associated acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable associated associated acceptable associated acceptable acceptable related associated acceptable acceptable acceptable acceptable associated associated acceptable associated related acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable acceptable associated acceptable acceptable related acceptable acceptable acceptable acceptable acceptable associated acceptable acceptable associated acceptable related related acceptable related acceptable acceptable related acceptable acceptable related acceptable acceptable acceptable acceptable associated acceptable acceptable related acceptable acceptable acceptable acceptable acceptable acceptable acceptable correct related acceptable correct related right correct acceptable right correct acceptable right correct applicable right correct applicable right correct proper right into a hotspot for meme coin hypothesis.
“Patrons beware on account of the Solana ecosystem continues to develop, it’s an rising variety of additional additional additional additional additional 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 heart of this progress is Pump.satisfying, a Solana-based token-generating platform, which has seen on day-to-day foundation contained contained all by the hunt for and selling volumes exceed $100 million. Per 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 on the very least 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 contained all by the 12 months, CryptoPotato reported on a Pump.satisfying shopper who created on the very least 18,000 cash and netted elevated than $3.7 million from speedy price pumps and strategic exits.
The platform not too methodology as shortly as additional launched an computerized market maker (AMM) that applies a bonding curve pricing mannequin. Beneath this system, token costs improve exponentially with every buy, which advantages creators and early patrons.
Per the evaluation, this mannequin disadvantages later members on account of larger token costs and potential losses when creators liquidate their holdings.
A separate report by Pine Analytics furthermore highlighted a observe normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally normally usually commonly known as deployer-funded, same-block sniping. This method permits creators to earnings by executing trades 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 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totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally totally 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 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 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 pools analyzed, 361,000, or 93%, confirmed traits of soppy rug pulls. This concerned incidents the place liquidity was instantly withdrawn, inflicting price crashes.
The monetary harm from such circumstances varies. About 25% of the concerned components 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.satisfying 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 accumulating as pretty a bit as $500 million in associated funds.
In December closing 12 months, it was pressured to briefly pause its livestream perform after token creators began making disturbing broadcasts to pump their cash. All by the short-term aftermath, Pump.satisfying confronted a $22 million earnings crash, with on-chain information exhibiting weekly earnings nosediving.
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