Analysts at Chainalysis have estimated that wash trading on Ethereum, BNB Chain, and Coinbase's Base reached approximately $2.57 billion in 2024. Chainalysis claims that nearly 5% of all tokens launched that year exhibited pump-and-dump patterns. Furthermore, they found that only 1.7% of these tokens were actively traded in the last 30 days, suggesting that many were quickly abandoned due to lack of interest. Additionally, the firm noted that almost 90% of decentralized exchange pools suspected of involvement in pump-and-dump schemes were manipulated by the address that created the pool, potentially indicating a coordinated effort to exploit users.



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