In 2025, the number of crypto rug pulls has decreased by 66% compared to 2024, with only seven incidents reported so far, down from 21 in early 2024. However, the financial losses from these scams have surged, totaling nearly $6 billion in 2025 compared to just $90 million during the same period in 2024. DappRadar analyst Sara Gherghelas notes that while rug pulls are becoming less frequent, they are increasingly severe, often conducted by teams with sophisticated branding and narratives. In 2024, DeFi protocols and NFT projects were the predominant sources of rug pulls, whereas memecoins have now taken the lead in 2025. High-profile projects like the Solana token Libra experienced drastic price declines, underscoring the threat of rug pulls and exit scams. Gherghelas emphasizes the importance of user vigilance despite the growing awareness and tools to detect suspicious activities, as rug pulls remain a significant issue in rapidly evolving ecosystems.

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