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

PEPE OG whale Deltacorpse.eth(@Deltacorp24), who bought $PEPE at a $2M market cap, spent $100.2K to buy 21.2M $BULL and locked it.

PEPE OG whale Deltacorpse.eth(@Deltacorp24), who bought $PEPE at a $2M market cap, spent $100.2K to buy 21.2M $BULL and locked it.

1 seconds ago

A certain whale has shorted BTC with 9x leverage, with a position size of $13 million

On April 29th, per Hyperinsight monitoring, Bitcoin (BTC) rebounded short-term to roughly $77,700, hitting the support-resistance level from its first significant pullback on the 27th. A whale on the Hyperliquid platform—with an address starting with 0x8ca—opened a 9x leveraged short position on BTC with a size of $13 million, at an average entry price of $77,627. This could signal an attempt to catch the rebound’s peak and bet on a price drop around this level. Address: 0x8ca341db4a455dec932ed6a29b16e75fa06ac22d

1 seconds ago

Bybit is about to launch MegaETH (MEGA) spot trading

Bybit to List MegaETH (MEGA) on Spot Trading Platform on April 29, Official Sources Confirm MEGA is the native token of MegaETH, a high-performance real-time Ethereum Layer 2 solution that targets sub-millisecond latency and over 100,000 TPS.

1 seconds ago

The Vanguard Group's fund has increased its holdings in Strive to 1.72 million shares, worth approximately $25.2 million.

On April 29th, data from BitcoinTreasuries.NET shows Vanguard Group’s Total Stock Market Index Fund—with $12 trillion in assets under management (AUM)—has increased its stake in Bitcoin treasury firm Strive (ticker: ASST) by 276,200 shares. That brings the fund’s total holdings to 1.72 million shares, valued at approximately $25.2 million.

1 seconds ago

Bitunix Analyst:The Market』s Real Concern Is No Longer Rate Cuts—It』s Whether the Fed Is Accepting「Prolonged High Rates」

By April 30, markets had fully priced in a Fed pause, shifting focus to a critical question: Is the Fed now open to active rate hikes again? That’s why long-term U.S. Treasury yields have recently neared 5%, with traders increasingly betting on declines in long-duration bonds. Over the past two years, the Fed framed energy, tariff, and supply chain shocks as “one-off inflation.” Even amid oil price volatility, markets expected an eventual return to rate cuts. But as the Middle East conflict enters its third month and Brent crude has risen ~50% since the outbreak, the Fed is publicly asking: If one-off shocks keep recurring, can they still be called “one-off”? The real risk tonight isn’t an immediate rate hike—it’s whether Powell will formally acknowledge that high oil prices and supply chain snags are feeding into core inflation. If the Fed embraces this logic, the “prolonged high rates” narrative will retake center stage. Adding to the stakes: This could be Powell’s final FOM

1 seconds ago

Tron's active addresses hit 76.09M in April (+46.72% vs March), while transactions reached 290.85M (+53.76%).

Tron's active addresses reached 76.09M in April, a 46.72% increase from March, and transactions reached 290.85M, a 53.76% increase from March.

1 seconds ago