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

Goldman Sachs once again raises Robinhood’s price target to $137

Goldman Sachs analyst James Yaro has released an analysis report on Robinhood (HOOD), maintaining a "Buy" rating and raising its target price again from $121 to $137.

1 seconds ago

Citi and other investment banks cut Microsoft's price target, with AI spending pressure becoming a key focus.

Citigroup has cut Microsoft’s target price, citing the company’s AI investments are putting greater pressure on short-term free cash flow and profit margins, while maintaining a Buy rating. The bank lowered Microsoft’s target price from $620 to $570. It noted that Microsoft remains one of the clearest players in the commercialization of AI software and cloud computing, but the pace of capital expenditure on Azure data center construction, GPU procurement, and AI infrastructure expansion may continue to weigh on investors’ cash flow expectations in the coming quarters. The bank still believes Copilot, Azure AI services, and enterprise customer migrations will underpin long-term revenue growth. The main point of divergence lies in the timeline: the market was previously willing to price in AI earnings in advance, but is now starting to demand that Microsoft prove these expenditures can translate into profits faster. Mizuho and Wells Fargo have also recently cut Microsoft’s target prices, while maintaining positive ratings. The shared view among multiple institutions is that Microsoft’s AI assets remain attractive, but its stock price needs to digest near-term pressures from high capital expenditure, the AI-driven reshaping of its traditional software business, and a reassessment of Azure’s growth expectations.

1 seconds ago

South Korea's Financial Services Commission will announce supplementary plans for single-stock leveraged ETFs targeting companies including SK Hynix and Samsung as soon as possible.

According to South Korean media reports, Financial Services Commission Chairman Lee Won-yeon stated that regulators are developing a comprehensive plan for single-stock leveraged ETFs and plan to announce it soon. He added that regulators are closely assessing the impact of such products on recent volatility in South Korea’s stock market, but remain cautious about measures like trading halts, noting that potential market side effects need to be fully considered. The report noted that South Korean President Lee Jae-myung previously instructed financial regulators to quickly formulate supplementary regulatory measures for single-stock leveraged ETFs of companies including Samsung Electronics and SK Hynix. Launched in South Korea in May this year, these products offer 2x leverage on the daily price fluctuations of individual stocks and are classified as high-risk investment products.

1 seconds ago

SK Hynix sees sharp price swings, as a whale’s $8.65 million long order is trapped at the peak.

According to Hyperinsight monitoring, yesterday midday, a whale with an address starting with 0x8af chased to build a long position in SK Hynix (SKHX) when the stock rebounded to around $1,440. The whale opened a total of 301 long orders in a short period, trading 6,008 contracts at an average price of approximately $1,440, with a total position size of about $8.6516 million. The entry price was roughly $1,439.91, precisely at the highest tier of this rebound. SKHX subsequently plunged sharply; as of press time, it is trading at around $1,237, down roughly 14% from the whale’s cost line. Focusing solely on the SKHX long position, the address currently holds a 10x full position, with its nominal size reduced to approximately $7.453 million, an unrealized loss of ~$1.199 million, and a return rate of -138.6%.

1 seconds ago

Bank of Korea Governor: Will raise the interest rate of the Bank of Korea's special lending program

Bank of Korea Governor Hyun Song Shin announced that the central bank will raise the interest rate on its special loan program.

1 seconds ago

Coinbase to List DRAM and SOXL Perpetual Contracts

According to official announcements, Coinbase has announced it will add support for perpetual contracts on the Roundhill Memory ETF (DRAM) and Direxion Daily Semiconductor Bull 3X Shares ETF (SOXL).

1 seconds ago