According to the most recent study conducted by Chainalysis, unwitting users spent around $ 4.6 billion worth of crypto, acquiring them in fraudulent schemes last year which saw the creation of over 1.1 million tokens.
Chainalysis’s study shows that about 25% of these crypto reflected “pump and dump” tendencies, and the vast majority of them were unsuccessful, with their creators stealing $ 30 million from their victims.
Based on exchange transactions, fewer than 41,000 of the more than 1 million tokens in circulation in 2022 were deemed to have no substantial impact on the cryptocurrency market.
