Report: Crypto Rug Pulls Fewer, But More Destructive

PA一线
PA一线04/18/2025, 06:19 AM

PANews reported on April 18 that according to Cointelegraph, according to the latest report from blockchain analysis platform DappRadar, there were 21 "Rug Pull" incidents in early 2024, and only 7 since 2025, which means that the frequency of occurrence has been declining year by year. However, since the beginning of 2025, the Web3 ecosystem has lost nearly $6 billion due to such incidents, 92% of which is attributed to the collapse of Mantra's OM token (the founder of the token denied that this was a "Rug Pull"). In contrast, the total loss of "Rug Pull" incidents in the same period of 2024 was $90 million.

DappRadar analyst Sara Gherghelas pointed out that although the frequency of such incidents has decreased, they are more destructive, the scams are becoming more complex, and most of them are planned by professional teams. Its nature is also evolving. In the first quarter of 2024, most of them originated from DeFi protocols, NFT projects, and Meme coins, while in the same period of 2025, most of them occurred in the Meme coin field. Gherghelas also reminded that the unexplained surge in the number of unique active wallets, high transaction volume but low user activity, as well as unverified smart contracts, limited GitHub activity, anonymous developer teams, or projects with a sudden surge in DApps may all be warning signs of "Rug Pull".

Share to:

Author: PA一线

This content is provided for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, let's navigate bull and bear markets together