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

The "1011 Insider Whale" has once again deposited 10 million USDC into Hyperliquid and has taken a long position on ETH with 5x leverage.

On November 25th, as monitored by Onchain Lens, the "1011 Insider Whale" once more deposited 10 million USDC into Hyperliquid and initiated an ETH long position with a 5x leverage. Position: 15,000 ETH Entry Price: $2,946 Liquidation Price: $2,326.53 Position Value: $44.3 million

12 minutes ago

The Fed's December Rate Cut Expectation Rises, Bitcoin Temporarily Breaks $89,000, Nasdaq Up 2.69%

On November 25th, Federal Reserve Board Governor Waller expressed that he personally favors a rate cut at the December monetary policy meeting. Inflation has gone up, but he believes it will start to decline. January next year will be filled with challenges, with a large amount of data to be released one after another to determine whether another rate cut is necessary. Mary Daly, President of the Federal Reserve Bank of San Francisco and a FOMC voting member in 2027, stated that she supports a rate cut next month because she thinks the likelihood of a sudden deterioration in the labor market is greater than that of a sharp increase in inflation and is also more difficult to control. According to CME's "FedWatch," the probability of a 25-basis-point rate cut by the Federal Reserve in December has increased to 82.7%, while the probability of keeping rates unchanged is 17.3%. U.S. stocks closed on Monday. The Dow rose by 0.44%, the S&P 500 rose by 1.5%, and the Nasdaq rose by 2.69%. Bit

12 minutes ago

Exodus to Acquire W3C Corp, Parent Company of Baanx and Monavate, for $175 Million

On November 25th, as per CoinDesk, the cryptocurrency wallet company Exodus Movement is set to acquire the parent company W3C Corp of the cryptocurrency card and payment companies Baanx and Monavate for $175 million. The deal is composed of the company's own cash and financing supplied by Galaxy Digital, with the financing being backed by the Bitcoin held by Exodus. Baanx and Monavate have been collaborating with institutions like Visa, Mastercard, and MetaMask, concentrating on developing cryptocurrency cards and user-custodied Web3 payment services. This acquisition will enable Exodus to become one of the few self-custody wallet providers capable of governing the end-to-end payment experience, ranging from the wallet to the card.

12 minutes ago

Trump Orders Launch of "Genesis Mission" Initiative to Boost AI Research Revolution

On November 25th, the White House is making efforts to expedite the enhancement of America's research capabilities by applying artificial intelligence. U.S. President Trump signed an executive order on Monday to launch the "Genesis Mission" initiative, instructing the Department of Energy and other research institutions to actively promote the deployment of artificial intelligence. Michael Kratsios, the Chief Technology Officer of the White House Office of Science and Technology Policy, referred to it as "the largest-scale federal research resource integration since the Apollo program." He stated that this initiative is expected to accelerate research breakthroughs in fields such as medicine, energy production, and engineering. Energy Secretary Wright emphasized that artificial intelligence will be used to analyze the extensive datasets held by its 17 national laboratories and pledged to "significantly accelerate the pace of scientific discovery and innovation." According to the execu

12 minutes ago

The U.S. third-quarter GDP data will be released on December 23.

: On November 25th, the US Bureau of Economic Analysis is scheduled to release the US third-quarter GDP data on December 23rd. (Caixin)

12 minutes ago

The probability of a 25 basis point interest rate cut by the Federal Reserve in December has risen to 82.7%.

On November 25th, according to CME's "FedWatch": There is an 82.7% chance of a 25-basis-point Fed rate cut in December, and a 17.3% chance of rates remaining unchanged.

12 minutes ago