There has been a 66% year-to-year decrease in the number of crypto rug pulls this year compared to 2024, but recent data shows the size of each pulling rags rising.
Rug pulls dropped in the frequency of year-on-year, with early 2024 recording 21 separate incidents, compared to seven to date in 2025, According to In an April 16 report from the Blockchain Analytics platform Dappradar.
However, since the beginning of 2025, the Web3 ecosystem has lost nearly $ 6 billion to break the pulling, according to Dappradar’s report. However, the report Characteristics of 92% of that in the fall of the mantra tokenwhere the The founders are strongly denied is a rug pull.
In comparison, at the same time in early 2024, three months in the year, the total losses from the rug pulls hit $ 90 million.
“This shift suggests that rugs pulls more frequently, but more devastating when this happens,” Dappradar analyst Sara Gherghelas said.
“The scams are especially sophisticated, often the teams of teams with shiny branding and orderly narratives.”
Memecoins main culprit for rug pulls
Gherghel said the nature of the rug pulls are emerging. In the first quarter of 2024, most derived from defi protocols, NFT projects, and memecoins. At the same time the frame time for 2025, most rug pulls occurred in Memecoins.
The native Solana token of Libertad project, Libra (Libra), is another Recent high-profile cases of a rug pull;;;;;;;;;;;;;;;;;;;;;;; It rallied in a market capitalization of $ 4.56 billion on February 14 after Argentine president Javier Milei, was posted on X.
The token then fell over the surface 94% after he deleted the postEncouraging accusations of a Pump-and-dump scheme.
“Rugs and exit scams remain an ongoing threat, especially in ecosystems where projects can quickly get traction through the hype, only to lose the user’s funds overnight,” Gherghelas said.
“Despite increasing awareness and more tools to see the weakening -the -reference, the rug pulls will remain a repeated issue, especially in the Defi and newly launched token ecosystems.”
Gshghelas said The red flags for rug pulls A sudden spike may include unique active purses without a apparent reason or unusual high volume paired with low user activity.
At the same time, projects with unspecified intelligent contracts, limited Github activity, or unidentified developer teams or DAPPS spike overnight can also be a red flag.
Related: Savvy Memecoin Trader makes $ 988k in 3 hours across the rug pull
“As the industry grows older, so are the tactics used by evil actors. But the tools available to users are also growing,” Gherghelas said.
“While rug pulls may not be completely erased, their impact can be greatly reduced when users are equipped with the right information.”
Magazine: Mystery Celeb Memecoin Scam Factory, HK Firm Dumps Bitcoin: Asia Express
