🚀 Blockchain security firm Blockaid reports that 59% of crypto tokens launched this year were deemed "malicious." Despite this, the total losses from crypto scams have significantly decreased, with $1.4 billion lost in 2024 compared to $5.6 billion in 2023.

- Memecoins are booming, with 10 reaching a market cap of $1 billion or more.

- Rug-pull scams account for 27% of malicious tokens.

- Blockaid's findings are based on extensive data analysis from their on-chain detection platform.

What do you think about the rise of memecoins and the decline in scam losses? Share your thoughts below! 💬