arXiv AI By Jianghai Li, Pavel Kuznetsov, Yury Yanovich, Konstantin Nott-Whaley, Igor Vodolazov

Catching the Rug: Early Prediction of Fraudulent Memecoins on Solana via Machine Learning

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arXiv:2608. 20271v1 Announce Type: new Abstract: The rapid proliferation of memecoins on blockchain platforms has increased the risk of fraudulent activities, particularly rug pulls.

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Catching the Rug: Early Prediction of Fraudulent Memecoins on Solana via Machine Learning

The paper presents a method for early detection of fraudulent memecoins (rug pulls) on the Solana blockchain, using a dataset of 6.4 million tokens collected over seven months. It shows that most rug pulls occur within an hour of launch and that classic machine learning models, especially Gradient Boosting (XGBoost), can reliably predict them using only the first five minutes of trading data. Cross‑platform data fusion between PumpFun and Raydium further improves detection by reducing domain shift.