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Analysis of Token Launches on Ethereum and BNBChain in 2022

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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 ne…

Analysis of Token Launches on Ethereum and BNBChain in 2022

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.

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

Interpretation of the news:


The news reported on February 17 reveals that Chainalysis, a blockchain analytics company, conducted a study to analyze all the tokens launched on two major blockchain networks, Ethereum and BNBChain, in 2022. The results were surprising, as the study found that out of the 1.1 million new tokens launched last year, only 40521 tokens met the criteria for being considered for trading purposes. These criteria included being exchanged at least 10 times and being traded for four consecutive days within a week after release.

More significant was the discovery that 9902 of these tokens (24% of the total) had a price drop of over 90% in the first week of trading, indicating that there might be fraudulent activity. Chainalysis also estimated that investors spent $4.6 billion in cryptocurrency purchasing these alleged fraudulent tokens. This revelation points to the likelihood of a considerable number of fraudulent token launches on these blockchain networks.

Furthermore, the study revealed that 445 individuals or groups accounted for 24% of the 9902 suspicious selling tokens. This finding buttresses the confirmation that unscrupulous players are looking to engage in fraudulent activities in the cryptocurrency market.

In conclusion, the study indicates that there is still a need for more stringent measures to prevent fraudulent activities on blockchain networks. Fraudsters seem to find ways around the current verification measures, resulting in investors losing substantial sums of cryptocurrency. The study also shows the importance of conducting proper research before investing in cryptocurrency. Investors should be cautious and vigilant to avoid investing in fraudulent projects.

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