A wave of lookalike tokens has appeared after JPMorgan’s Ethereum token launch, according to TheDefiant. The report said 13 tokens using the JPMD name were found on-chain, even as the bank’s actual Ethereum token showed no supply and no holders at the time referenced in the article. JPMorgan’s documentation also carried a clear warning: tokens with the same name deployed at other addresses are not affiliated with the bank’s project. The case highlights how quickly copycat assets can emerge around high-profile token launches, especially when a recognizable name enters the Ethereum ecosystem. TheDefiant’s report focused on the mismatch between the official token’s on-chain status and the presence of multiple same-name tokens elsewhere.
Thirteen tokens using the JPMD name appeared on-chain after JPMorgan launched its Ethereum token, according to TheDefiant.
The report said JPMorgan’s genuine Ethereum token showed zero supply and zero holders. Its documentation also warned that tokens using the same name at other addresses are not affiliated with the project.
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