Crypto Rug Pull Losses Have Soared 6,499% This Year Despite Decrease in Frequency, Says DappRadar
The amount of financial losses tied to crypto rug pulls has significantly increased in 2025 despite fewer reported incidents, according to market intelligence firm DappRadar.
Rug pulls are a deceptive scheme in the crypto space where insiders holding large amounts of tokens hype up a project to attract capital, only to suddenly sell all their holdings, essentially killing the token and rendering the project worthless.
In a new report, DappRadar says that the web3 ecosystem has already lost nearly $6 billion to rug pulls in 2025, up by 6,499% from just $90 million during the same period in 2024.
The increase in value lost is largely due to the incident involving the real-world asset (RWA) crypto project Mantra (OM), which…
