Cointelegraph said in a research report that a sample security analysis of 1,000 new Meme coins launched on the Base chain between March 19 and 25 showed that (Note: there are currently more than 380,000 ERC-20 tokens on the Base chain) the vast majority of Meme coins on the network have security vulnerabilities that may cause users to suffer huge losses, and almost one-fifth of Meme coins are deliberately malicious and attempt to steal user funds.
Automated auditors on the trading analysis platform DEXTools analyzed these tokens to determine whether each project implemented three basic security measures: locking liquidity, verifying contracts, and the absence of Pixiu disks. The analysis showed that 908 projects (90.8% of the sampled tokens) did not meet at least one of the conditions.