Washing trading on ETHEREUM, BNB series, and Coinbase base of $ 2.57 billion in 2024, according to analysts at Chainalysis.
Nearly 5 % of all the symbols launched across different networks in 2024 had patterns similar to pump and fragmentation plans, the forensic company Blockchain series Claims. in Blog post On January 29, the New York -based company revealed that more than 3 million symbols were launched in 2024, with approximately 1.3 million (more than 40 %) listed on decentralized stock exchanges.
Despite the number, only a small part – only 1.7 % – was traded with activity in the last 30 days. The collection suggests that the gap can be because many symbols were abandoned shortly after the creation. “Perhaps because of lack of interest. Analysts also notice that some of these symbols can be part of short -term plans such as pumps, hinges or rug.
“Some of these symbols can also facilitate these short -term deliberate plans designed to exploit the initial noise before fading, also known as pumps, hinges or rug.”
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Moreover, approximately 90 % of the decentralized stock exchange gatherings suspected of participating in pumps and discharge “rugs” through the address that created the DeX gathering, note a series. The rest was a rugged address that was funded by the pool or the distinctive distinctive symbol. In some cases, it seemed that the prior creator and the title that was swinging in the complex, in the same source, indicating a coordinated effort to exploit users.
Analysts indicate that the size of the washing trading is via ethereumand BNB seriesAnd Coinbase’s a base It reached about $ 2.57 billion in 2024, although the company acknowledges the use of “different methodologies” to detect different types of washing trading.