Investors spent $4.6B on pump & dump cryptos in 2022 Here's | CEX.IO Broker

Investors spent $4.6B on pump & dump cryptos in 2022

Here's some ticklish info from your Bro:
The research company Chainalysis discovered that a substantial amount of tokens launched on BNB Chain & Ethereum last year were created for fraud under the pump and dump scheme.

"Of the 40,521 tokens launched in 2022 that gained sufficient traction to be worth analyzing, 9,902, or 24%, saw a price decline in the first week indicative of possible pump and dump activity". They lost 90%+ in the first week of trading because, on a desired price level, the creators sold their reserves out.

We highly recommend you check the crypto assets in-depth before you do anything with them. Invest, not investigate!