In 2022, digital currency investors granted up to $4.6 billion in assets to login password tokens considered part of the "fetch and dump" program.

Chainanalysis, a technical analysis company of blockchain, released a report on February 16, which conducted an in-depth analysis of all tokens launched on the BNB intelligent chain and Ethernet block chain in 2022 and found that the characteristics of more than 9900 tokens were attributed to the "water dumping" plan.

Sales plans typically involve founders orchestrating a campaign of misleading statements, hot spots and FOMO to persuade investors to buy tokens while secretly selling their stakes in the plan at a high price.

Chainanalysis may have cost investors nearly 9900 of the various suspected fraudulent tokens it identified using a $4.6 billion login password.

The most common source is that Chainanalysis-, the founder of the pump room and garbage station, did not reveal her name-it is suspected that 264 of these tokens were launched alone last year, the company explained:

The ability to keep secret names for the latest projects and token teams also makes it possible for even bad perpetrators to carry out several water drawing and dumping plans.

Chainanalysis classifies a token as "very worth analyzing". If he conducts at least 10 swaps and four days of back-to-back trading in the week after its launch, it is an implicit "time-taking and sale". Of the 1.1 million new tokens launched last year, only more than 40500 met the regulations.

If the price of tokens in this group falls by 90% or more in the first week, Chainanalysis thinks the tokens are likely to be a "big rise and fall". The company found that of the 40500 tokens explained, 24 per cent met the second specification.

Chainanalysis may have only 445 people and teams behind suspected tokens-suggesting that the founder usually works on multiple projects-and says he earned a total of $30 million by selling the tokens he held.

The company added: "naturally, in some cases, participating in token sales teams may make every effort to form a healthy living product, and then the price falls only because of market forces."

Despite the worrying statistics, in a separate statement, the company stressed that revenue from login password fraud fell by nearly half in 2022, mainly due to depressed login password prices.