97.7% of tokens launched on Uniswap were rugpulls according to a finding.

Yes, you read that right, 97% of shitcoins launched on uniswap rugged according to this research paper.

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.

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.

The paper also proves that tokens that claim to "lock liquidity" are also mostly rugs and did not change the outcome.

More precisely, we show that 90% of tokens using locking contracts tend to become a rug pull or a malicious token eventually.