Report: The number of "Rug Pull" incidents in the cryptocurrency sector has decreased, with only 7 cases reported from 2025 to present

ChainCatcher news, according to a report by Cointelegraph, based on the latest report from the blockchain analysis platform DappRadar, there were 21 "Rug Pull" incidents at the beginning of 2024, while there have only been 7 incidents so far in 2025, indicating a yearly decline in their frequency. However, since the beginning of 2025, the Web3 ecosystem has lost nearly $6 billion due to such incidents, with 92% attributed to the collapse of Mantra's OM token (the token's founder denies this was a "Rug Pull"). In contrast, the total losses from "Rug Pull" incidents during the same period in 2024 were $90 million.

DappRadar analyst Sara Gherghelas pointed out that although the frequency of such incidents has decreased, their destructiveness has increased, and the scams have become more complex, often orchestrated by professional teams. The nature of these incidents is also evolving; in the first quarter of 2024, many originated from DeFi protocols, NFT projects, and Meme coins, while in the same period of 2025, they mostly occurred in the Meme coin sector. Gherghelas also warned that a sudden surge in the number of unique active wallets, high transaction volumes but low user activity, unverified smart contracts, limited GitHub activity, anonymous developer teams, or projects with sudden spikes in DApp activity could all be warning signs of a "Rug Pull."