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

Foreign investors' net buying of South Korean stocks hit a two-month high yesterday.

Data from South Korean exchanges as of July 23 shows that foreign investors net-purchased 2.6211 trillion won in South Korea’s main stock market the previous day, marking the highest level in nearly two months. Driven by foreign buying, the KOSPI reclaimed the 7,000-point threshold during intraday trading for the first time in four sessions, triggering the 20th suspension of the program trading mechanism this year. However, in the afternoon, institutional and individual investors took profits, leading the index to give back most of its gains, closing just 0.74% higher at 6,797.70 points. Seok Hwan Kim, a researcher at Mirae Asset Securities, noted that despite heavy net buying by foreign investors, individual investors and financial institutions concentrated on selling semiconductor-weighted stocks to lock in profits, causing the index’s gains to narrow significantly. That day, individual investors net-sold 1.2177 trillion won, while institutional investors net-sold 1.3961 trillion won.

2 minutes ago

A crypto whale deposited $31.12 million into Hyperliquid over the past three days, while simultaneously shorting AI stocks and crude oil.

According to monitoring by Onchain Lens, a Hyperliquid whale has deposited 31.12 million USDC over the past three days and currently holds $64.9 million in short positions. The breakdown of its current positions is as follows: $43.93 million in short positions on SK Hynix, $17.07 million in short positions on Brent crude oil, plus additional short positions on Samsung, NVIDIA, and other assets.

2 minutes ago

US stock-linked meme coins are gaining traction on Robinhood Chain, with the meme coin "AI" briefly exceeding $17 million in market capitalization to hit a new record high.

According to GMGN data, US stock-based meme coins are gaining momentum on Robinhood Chain. As of press time, the market cap of meme coin "AI" briefly topped $17 million, now standing at $15.01 million, hitting a new high. Its 24-hour trading volume reached $9.8 million. The coin was issued via long.xyz, Robinhood Chain’s ecosystem token launch platform, and trades against NVIDIA’s stock token, aligning with Robinhood Chain’s core philosophy and CEO Vlad’s on-chain vision of "meme + RWA". BlockBeats previously analyzed that US stock-based memes are likely to become a new popular trend on Robinhood Chain, marking a major update to the meme coin narrative. Additionally, following "AI"'s surge, long.xyz has recently launched multiple meme coins paired with different stock tokens. Most of these coins have small market caps and high price volatility, so users are advised to exercise caution when investing.

2 minutes ago

Louisiana State Employees' Retirement Fund increased its holdings in Strategy by 21,300 shares, valued at $2.13 million.

According to BitcoinTreasuries NET, the Louisiana Employees' Retirement Fund has increased its holdings in Strategy (MSTR) to 21,300 shares, valued at approximately $2.13 million. The retirement fund manages around $16.3 billion in total assets.

2 minutes ago

ARK bought nearly $15 million worth of SpaceX shares against the market trend on Wednesday, while cutting its Robinhood holdings by more than $10 million.

Funds under ARK Invest collectively purchased 121,400 shares of SpaceX stock worth approximately $14.996 million, while selling 97,300 shares of Robinhood stock valued at around $10.351 million, extending its recent trend of reducing holdings. On the same day, ARK also bought about $4.965 million worth of shares in electric aircraft company Archer Aviation. Earlier reports indicated that SpaceX closed down more than 6% yesterday, hitting a new all-time low since its listing.

2 minutes ago

Binance Will List Pop Mart Stock Futures

According to an official announcement, Binance will list the Pop Mart stock contract (POPMARTUSDT), with trading going live at 10:30 on July 23, 2026 (GMT+8).

2 minutes ago