10-31-2022, 04:54 PM
97.7% of tokens launched on Uniswap were rugpulls according to a finding.
<!-- SC_OFF --><div class="md"><p>Yes, you read that right, 97% of shitcoins launched on uniswap rugged according to this <a href="https://arxiv.org/pdf/2201.07220.pdf">research paper</a>. </p> <blockquote> <p>In this paper, we expand the rug pull dataset of the paper to 27,588 tokens. To do this, we collected all Uniswap data until 03/09/2021 by directly interacting with the Ethereum blockchain. In total, we labelled 26957 tokens as scams/rug pulls and 631 tokens as non-malicious. </p> </blockquote> <p>Holy shit, only 631 out of 27.5k tokens were not rugs. I knew that a lot of the tokens on binance smart chain turned out to be rugpulls, but i did not expect it to be the same for uniswap aswell. Very surprising indeed.</p> <p>The paper also proves that tokens that claim to "lock liquidity" are also mostly rugs and did not change the outcome.</p> <blockquote> <p>More precisely, we show that 90% of tokens using locking contracts tend to become a rug pull or a malicious token eventually.</p> </blockquote> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Far-Scholar9028"> /u/Far-Scholar9028 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yicfk1/977_of_tokens_launched_on_uniswap_were_rugpulls/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yicfk1/977_of_tokens_launched_on_uniswap_were_rugpulls/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Yes, you read that right, 97% of shitcoins launched on uniswap rugged according to this <a href="https://arxiv.org/pdf/2201.07220.pdf">research paper</a>. </p> <blockquote> <p>In this paper, we expand the rug pull dataset of the paper to 27,588 tokens. To do this, we collected all Uniswap data until 03/09/2021 by directly interacting with the Ethereum blockchain. In total, we labelled 26957 tokens as scams/rug pulls and 631 tokens as non-malicious. </p> </blockquote> <p>Holy shit, only 631 out of 27.5k tokens were not rugs. I knew that a lot of the tokens on binance smart chain turned out to be rugpulls, but i did not expect it to be the same for uniswap aswell. Very surprising indeed.</p> <p>The paper also proves that tokens that claim to "lock liquidity" are also mostly rugs and did not change the outcome.</p> <blockquote> <p>More precisely, we show that 90% of tokens using locking contracts tend to become a rug pull or a malicious token eventually.</p> </blockquote> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Far-Scholar9028"> /u/Far-Scholar9028 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yicfk1/977_of_tokens_launched_on_uniswap_were_rugpulls/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yicfk1/977_of_tokens_launched_on_uniswap_were_rugpulls/">[comments]</a></span>