Source: Cointelegraph Original: "{title}"

Compared to 2024, the number of cryptocurrency rug pull incidents this year has decreased by 66% year-on-year, but the latest data shows that the scale of individual rug pull events is increasing.

According to a report released by the blockchain analysis platform DappRadar on April 16, the frequency of rug pull incidents has decreased year-on-year, with 21 independent incidents recorded at the beginning of 2024, while only 7 have occurred so far in 2025.

However, the DappRadar report indicates that since the beginning of 2025, the Web3 ecosystem has lost nearly $6 billion due to rug pull incidents. The report notes that 92% of the losses stem from the collapse of Mantra's OM token, although the project's founder strongly denies that this was a rug pull.

In contrast, the total losses from rug pull incidents during the same period in 2024 (within the first three months of the year) amounted to $90 million.

DappRadar analyst Sara Gherghelas stated, "This shift indicates that while the frequency of rug pull incidents has decreased, their destructiveness is greater when they do occur."

Gherghelas noted that the nature of rug pull incidents is evolving. In the first quarter of 2024, most rug pull incidents originated from decentralized finance (DeFi) protocols, non-fungible token (NFT) projects, and meme coins. In the same period of 2025, most rug pull incidents occurred in the meme coin sector.

The native Solana token Libra (LIBRA) of the Libertad project is a recent high-profile rug pull case. After Argentine President Javier Milei posted related content on the X platform on February 14, the token's market cap briefly reached $4.56 billion.

After he deleted the post, the token's price plummeted by over 94%, leading to accusations of a pump-and-dump scheme.

Gherghelas stated, "Rug pulls and exit liquidity scams remain a persistent threat, especially in ecosystems where projects can quickly gain attention through hype and then abscond with user funds overnight."

"Despite increasing awareness and the growing number of tools available to detect suspicious behavior, rug pull incidents continue to be a recurring issue, particularly in the DeFi and newly launched token ecosystems."

Gherghelas mentioned that warning signs of a rug pull may include: a sudden and unexplained spike in the number of unique active wallets, or abnormally high trading volumes accompanied by low user activity.

Additionally, unverified smart contracts, limited GitHub activity, anonymous development teams, or decentralized applications (DApps) that go viral overnight may also serve as warning signs.

"As the industry matures, the tactics of bad actors are also evolving. But the tools available to users are becoming more powerful," Gherghelas said.

"While rug pull incidents may never be completely eradicated, their impact can be significantly reduced when users have the right information."

Related: The collapse of Mantra's OM token exposes a 'critical' liquidity issue in cryptocurrency.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。