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

BlackRock Bitcoin Enhanced Yield ETF BITA Expected to Launch Within a Week

June 12 – Bloomberg ETF analyst Eric Balchunas reported Monday that BlackRock has filed an 8-A form for its Bitcoin Strategy ETF, the iShares Bitcoin Premium ETF, a regulatory move that typically signals a formal launch within the week. The fund’s ticker symbol is BITA. This new offering follows BlackRock’s highly anticipated Bitcoin Spot ETF, IBIT. While BITA has not yet disclosed its management fee, market consensus pegs it at 38 basis points. BITA employs a covered call options strategy: it holds Bitcoin while selling covered call options to earn premiums, which are then distributed to investors. This structure is designed to convert Bitcoin’s inherent price volatility into steady investment returns for holders.

5 minutes ago

Fidelity Chooses Uniswap as the Liquidity Infrastructure for Its Stablecoin FIDD

June 12: Uniswap announced in an official statement that Fidelity has selected it as the liquidity infrastructure for its stablecoin FIDD. The FIDD liquidity pool is now live on the Uniswap protocol. Fidelity’s stablecoin FIDD, which launched back in February, is designed for both retail and institutional investors.

5 minutes ago

A whale deposited 810 Bitcoins to Binance, worth $50.82 million

On June 12, a whale deposited 810 Bitcoins into Binance, with a total value of $50.82 million, incurring a $9.4 million loss, per OnchainLens monitoring.

5 minutes ago

Ethena Partners with Coinbase to Launch Stablecoin Yield Pool on Morpho

June 12 – Ethena has officially announced that its first product in collaboration with Coinbase is now live. Built by SteakhouseFi, this offering is a stablecoin yield pool that operates using USDe on the Morpho platform. The product can be accessed directly through the Coinbase App, with availability extended to both U.S. and international users.

5 minutes ago

The SpaceX IPO is approaching, and US space stocks are seeing a strong performance ahead of time, with Virgin Galactic up over 34% consecutively.

June 12: Ahead of SpaceX’s IPO tonight, U.S. space-related stocks rallied strongly on Thursday, continuing their ascent into after-hours trading across several key names. Key performance highlights included: Virgin Galactic (SPCE) closed up 21.66% in regular trading, then rose an additional 13.09% in after-hours trade; AST SpaceMobile (ASTS) notched an 11.73% gain at the session close, with post-market activity adding 6.46% more; Rocket Lab (RKLB) gained 9.26% during regular hours, extending that advance by 7.62% after the market shut; Destiny Tech100 (DXYZ)—a closed-end fund holding SpaceX shares—ended the day up 9.53%, seeing 7.32% more growth in after-hours trading. SpaceX will make its public debut Friday, launching trading after the U.S. stock market opens at an IPO price of $135 per share, which values the company at approximately $1.77 trillion under the ticker symbol SPCX.

5 minutes ago

LG Electronics to Launch Advertising Business Blockchain on Arbitrum, ARB Surges Over 5% Within a Day

June 12 update: South Korea’s LG Electronics has selected Arbitrum as the underlying technology to launch a new blockchain network tailored exclusively for the advertising and media industry. The platform will handle ad placement, purchasing, selling, and management, plus track user interaction data related to ads. It will also serve as an advertising inventory sharing database to boost transparency and efficiency across the sector. This marks another major step in LG’s ongoing blockchain efforts. Previous projects from the company include enterprise-level Monachain, the Wallypto crypto wallet, and an operated NFT marketplace. The new chain—built by LG’s Blockchain Research Lab—already ran a pilot test with a Japanese advertising firm. It currently has no official name, and LG plans to assess its commercial potential later this year. Per HTX market data, ARB surged more than 5% in response to this announcement.

5 minutes ago