The token then fell by over 94% after he deleted the post, prompting accusations of a pump-and-dump scheme. “Rug pulls and exit scams remain a persistent threat, especially in ecosystems where projects can rapidly gain traction through hype, only to disappear with user funds overnight,” Gherghelas said.“Despite increasing awareness and more tools to detect suspicious behavior, rug pulls remain a recurring issue, particularly in DeFi and newly launched token ecosystems.”Gherghelas says red flags for rug pulls can include a sudden spike in unique active wallets without an apparent reason or unusually high volume paired with low user activity.
In comparison, during the same period in early 2024, three months into the year, total losses from rug pulls hit $90 million.“This shift suggests that rug pulls are becoming less frequent, but far more devastating when they do occur,” DappRadar analyst Sara Gherghelas said. “The scams are increasingly sophisticated, often orchestrated by teams with polished branding and well-planned narratives.”Memecoins main culprit for rug pulls Gherghelas says the nature of rug pulls is evolving.
Rug pulls have dropped in frequency year-over-year, with early 2024 recording 21 separate incidents, compared to only seven so far in 2025, according to an April 16 report from blockchain analytics platform DappRadar.
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Author / Journalist: Cointelegraph by Stephen Katte
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