60 000 Tokens Created by 5 accounts on PumpFun

The PumpFun scammers are so active that some have created 10 000 tokens on Solana. Most of these tokens are what is known as Rug pulls, where the creator of the coin waits for few hundred users to invest before removing the liquidity or dumping huge amounts, leaving the users with worthless tokens.

The top 5 accounts have created almost 60 000 tokens, while the top account have created 17768 tokens.

There is one guy responsible for ~18k tokens created on PumpFun

It appears they wake up and create on average ~a dozen of tokens an hour until they go to bed, and then do it again, every day. They've done this for months pic.twitter.com/3WdUFewVPh

— Conor (@jconorgrogan) January 29, 2025