Maybe not all altcoins are very fraudulent. I cannot really beat my chest and say that Eth and Sol are fraudulent, although there is a sort of centralization in the way it is propagated using Proof of stake  and not a more decentralized proof of work. Some altcoins are still fraudulent but the most scams occur in meme coins which are least stable and are created after a trend and without a strong foundation. most meme coins created has been rugged almost immediately and you don't need to be surprised because it takes practically almost nothing to create a new token on an existing blockchain with the most I've seen recently created on the Solana blockchain. Now you can create a new token without having much technical knowledge.

Maybe not all altcoins are very fraudulent. I cannot really beat my chest and say that Eth and Sol are fraudulent, although there is a sort of centralization in the way it is propagated using Proof of stake  and not a more decentralized proof of work. Some altcoins are still fraudulent but the most scams occur in meme coins which are least stable and are created after a trend and without a strong foundation. most meme coins created has been rugged almost immediately and you don't need to be surprised because it takes practically almost nothing to create a new token on an existing blockchain with most I've seen recently created on the Solana blockchain. Now you can create a new token without having much technical knowledge.