Analysis: 24% of the tokens launched in 2022 that “got traction” saw a price drop of 90% or more in the first week of trading, suggesting pump-and-dump activity (Chainalysis)

Chainalysis:
Analysis: 24% of the tokens launched in 2022 that “got traction” saw a price drop of 90% or more in the first week of trading, suggesting pump-and-dump activity  —  Pump and dump schemes in traditional finance are quite simple: Holders of a tradable asset, such as stock in a company …