Lookonchain APP

App Store

Report: Rug Pull Incidents in the Crypto Space Have Decreased, but Their Impact Has Grown

2025.04.18 14:25:11

On April 18th, according to a report by Cointelegraph. Based on the latest report from the blockchain analytics platform DappRadar, there were 21 "Rug Pull" incidents in the early part of 2024. In contrast, there were only 7 incidents from 2025 to the present. This indicates a declining frequency year by year. However, since the early 2025, the Web3 ecosystem has lost nearly $6 billion due to such incidents. 92% of this loss was attributed to the collapse of Mantra's OM token (the token's founder denies this was a "Rug Pull"). In contrast, the total loss from "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, their destructiveness has increased. Scams are becoming more sophisticated and are often orchestrated by professional teams. The nature of these incidents is also evolving. Many incidents in the first quarter of 2024 originated from DeFi protocols, NFT projects, and Meme coins. While in the same period of 2025, they mostly occurred in the Meme coin space. Gherghelas also warned that a sudden surge in the number of active wallets, a high transaction volume but low user activity, unverified smart contracts, limited GitHub activity, anonymous developer teams, or projects with a sudden spike in DApp popularity could all be warning signs of a "Rug Pull."
Relevant content

Binance HODLer Airdrop Launches APRO (AT)

November 27th. As per an official declaration, the Binance HODLer Airdrop has now initiated the 59th project - APRO (AT), a Data Premise Protocol that furnishes real-world data to the blockchain network. During the time frame from November 4th, 2025, at 08:00 to November 7th, 2025, at 07:59 (GMT+8), users who subscribe by using BNB to Risk-Free Yield (Fixed-Term and/or Flexible) or on-chain Yield products will receive an airdrop distribution. The HODLer airdrop information is anticipated to become active within 24 hours, and the new token will be held in the user's spot wallet for at least 1 hour prior to the start of trading. Binance will list AT on November 27th, 2025, at 22:00 (GMT+8) and open trading pairs for USDT, USDC, BNB, and TRY in accordance with seed label trading rules. The AT deposit channel will open at 18:30 (GMT+8) on November 27th, 2025.

10 minutes ago

「Buddy」 Long Position Currently Shows Unrealized Gains of Over $850,000

On November 27th, as per the monitoring of Hyperinsight, "Brother Ma Ji" Huang Licheng has just increased his position by 1000 HYPE tokens with a long position. Currently, he is long 8200 ETH with a 25x leverage (approximately $24.8 million), achieving a floating profit of $560,000; and he is also long 164,000 HYPE with a 10x leverage (approximately $5.81 million), realizing a floating profit of $296,000.

10 minutes ago

Do Kwon: Sentencing for Involvement in TerraUSD Stablecoin Collapse Fraud Should Not Exceed Five Years

On November 27th, as reported by Bloomberg, Do Kwon, a co-founder of Terraform Labs Pte., stated that for his involvement in the 2022 $40 billion TerraUSD stablecoin collapse-related fraud case, he should not receive a prison sentence of more than five years in the US. Kwon pleaded guilty in August to conspiracy and wire fraud charges, thereby avoiding a trial. He had previously been arrested in Montenegro and convicted of using a fake passport while being a fugitive from South Korean charges before being extradited to the US.

10 minutes ago

Binance Launchpad will introduce the KERNEL Principal Protected Yield Product

On November 27th, as per an official announcement, Binance Launchpool is set to introduce a dual activity encompassing KernelDAO (KERNEL) flexible savings and fixed-term products. During this event, eligible users have the opportunity to subscribe to the KERNEL flexible savings product and avail of an exclusive tiered yield of up to 10%. Subscribing to the KERNEL fixed-term product can yield an annualized return of up to 29.9%.

10 minutes ago

Binance Alpha's GUA Airdrop Batch Earnings for this Period is approximately $54

On November 27, Binance Alpha launched SUPERFORTUNE (GUA). The current price is $0.072 and the market capitalization is $3.24 million. Eligible users can claim an airdrop of 750 GUA tokens, which is approximately worth $54 at the current price.

10 minutes ago

**Hot Whale Activity Overview:** The "Ultimate Short" Whale narrowly avoided liquidation this morning, while the "BTC OG Insider Whale" saw their ETH long position shift from loss to gain.

November 27th. The on-chain AI analysis tool @CoinBob (@CoinbobAI_bot) monitored by CoinBob showed that there has been a slight rebound in the market recently, and some popular whales on Hyperliquid have become active again. The specific information is as follows: 「BTC OG Insider Whale」: Today, the ETH long position changed from a loss to a profit. The current position size is about $45.51 million, with an unrealized profit of $1.33 million. The average price is $2945, and the liquidation price is $2326. On the 25th, the whale withdrew $10 million from the Binance platform and then transferred it to Hyperliquid, where they opened a 5x leveraged ETH long position. 「Cool-headed Long/Short King」: The 1x short position was partially liquidated again today, with a loss of approximately $1.52 million. The account balance is less than $0.3 million, and then it switched to a long position. The current major positions are: ZEC long $1.6

10 minutes ago