Solana's fast transactions and low fees have fueled explosive growth in token launches, but the same low barriers have enabled widespread rug pulls that differ from Ethereum-style smart contract exploits. Drawing from 68 real-world incident reports, a new study built a labeled dataset of 117 confirmed rug pull tokens, mapped their operational patterns focused on market manipulation, and created SolRugDetector, which identifies fraud using only on-chain transaction and state data. The tool outperformed existing detectors on the test set. When applied to 100,063 newly issued tokens from the first half of 2025, it flagged 76,469 as rug pulls, revealing scams with extremely short lifecycles, strong price-driven tactics, heavy investor losses, and coordinated group behavior. The researchers have publicly released both datasets. Source: https://arxiv.org/abs/2603.24625