Chainalysis: 24% of the new tokens in 2022 have the feature of higher shipment

According to the news on February 17, Chainalysis found after analyzing all the tokens launched on Ethereum and BNBChain in 2022 that out of the 1.1 million new tokens launched last year, if only the tokens that have been exchanged at least 10 times and traded for 4 consecutive days within a week after the release were calculated, the number of new tokens would be 40521. Of the 40521 tokens, 9902 (24%) had a price drop of more than 90% in the first week, indicating that there may be higher shipment activities. Chainalysis estimated that investors spent $4.6 billion in cryptocurrency to buy 9902 different suspected fraudulent tokens. Among them, 445 individuals or groups accounted for 24% of 9902 suspicious selling tokens.

Interpretation of this information:

The news article reports that Chainalysis has analyzed all the tokens launched on Ethereum and BNBChain in 2022 and found that out of the 1.1 million new tokens launched last year, only 40521 have been exchanged at least 10 times and traded for 4 consecutive days within a week after release. Of these tokens, 24% experienced a price drop of more than 90% in the first week, indicating a high likelihood of fraudulent activity. It is estimated that investors spent $4.6 billion in cryptocurrency to buy these 9902 suspicious tokens, with 445 individuals or groups responsible for selling the majority of them.

This report highlights the issue of fraudulent tokens in the cryptocurrency market and the importance of conducting due diligence before investing in any new token. It also demonstrates the value of analytics tools like Chainalysis in detecting suspicious activities and alerting investors to potential risks.