According to Solidus Labs, 98.6% of the 7 million tokens launched on Solana’s Pump.fun since 2024 have been identified as rug pulls or showing signs of manipulation. Only about 97,000 tokens have liquidity exceeding 1,000 USD. 93% of the pools on Raydium show signs of soft rug pulls. Memecoins have been heavily affected—tokens TRUMP and MELANIA have dropped 87% and 97% respectively, while "insiders" have garnered over 100 million USD in profits.