With a large -scale examination Solana Blockchain, the Altcoin Export Platform Pump.fun, almost all of the coins of the short -lived and “ponzi” logic has been revealed frauds. Solidus LabsAccording to the report prepared in January 2024 -March 2025 period using the platform using more than 7 million Altcoin only 1.4 percent survived. The remaining 98.6 percent, on the other hand, turned into a classic Rug Pull or Pump-AndD-Dump operation, such as tensile pulling and price manipulation, and victimized investors. The low trading fee provided by the Solana network and the user -friendly Dex interface made Pump.fun the center of coin speculation.
Striking data that stand out in the pump.fun report
Pump.funWhile the Altcoins traded in volumes exceeding 100 million dollars per day, the report reveals that this mobility is largely from investors in pursuit of short -term snow. Pine AnalyticsHis research, which covers the same period, shows that creators are advantageous with transactions in the same block as the Coin broadcast called “Same-Block Sniping”. On the Raydium dex, 93 percent of the 388 thousand liquidity pool taken to examine the examination of sudden liquidity cases were detected.
Solidus Labs’s meticulous analysis pump.fun with at least five transactions 7 million 50 thousand coinHe showed that only 97 thousand of them suffered liquidity above a thousand dollars. 98.6 percent of the Altcoins in a short time lost value to “Ponzi” -like structures. The resulting table reveals that the user -friendly interface and low wage policy of the platform are abused.
Altcoin Advantageous for its creators, the platform’s automatic market -maker (AMM) model (Bonding Curve) causes the price to increase exponentially in every purchase. A few investors entering early earn high returns, while the next participants are damaged by the price difference. As this imbalance platform increases, the number of victims folds the number of victims.
It was expected: Pump.fun’s head is in trouble
Pump.fun in two collective cases opened in January, US Securities LawsHe was accused of violating. The petitions include the platform’s indifferent coin export and the claim of approximately $ 500 million wage accrual. This development led to the shaking of investor confidence once again.
In December, Pump.fun had to temporarily stop its broadcast features on the price pumping of Altcoin creators with uncomfortable live broadcasts. After this move, the weekly income of the platform was drawn to approximately zero with a harsh decline from $ 22 million. In -chain data show that the pebble in the platform revenue coincides with this regulation.
Experts are invited to be more careful against the traps formed by the combination of sudden liquidity drawing cases and unlimited coins production. This intense wave of fraud at the Solana ecosystem is required to reconsider the control mechanisms of regulators and stock market platforms.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
