PANews reported on May 5th that, according to CriptoNoticias, at least 24 counterfeit USDPT tokens have appeared on the Solana network after Western Union launched its official stablecoin, US Dollar Payment Token (USDPT). DEXTools data shows that some of these counterfeit tokens were created on platforms such as Pump.fun and Raydium, with some created just an hour ago and others generated as early as six months ago.

According to DEXTools data, one of the fake tokens saw its price surge by approximately 100% in the past 24 hours. Such fake tokens carry a "Rug Pull" risk, causing the token price to plummet to zero, posing a risk of total loss to investors.