🚀 Blockaid's latest report reveals a staggering 59% of crypto tokens launched this year were "malicious in nature." The rise of memecoins, with 10 now boasting market caps over $1 billion, has fueled a surge in copycat tokens across Ethereum, Base, and Solana. Despite this, there's a silver lining: losses from crypto scams have plummeted from $5.6 billion in 2023 to $1.4 billion this year! 🎉 Rug-pull scams still pose a threat, making up 27% of malicious tokens. What do you think about the memecoin craze and its impact on the market? Share your thoughts below! ⬇️