Rug Pulls Evolving: Size Increasing While Frequency Decreases

Crypto rug pulls have become less frequent year-over-year, with 2025 seeing a significant drop compared to 2024. DappRadar reports that early 2024 saw 7 rug pull incidents compared to just 7 so far in 2025. However, the value lost from these scams has significantly increased. Since January 2025, $6 billion has been lost due to rug pulls, with 92% of that attributed to the Mantra OM token collapse. While this is a concerning trend, DappRadar reports that the overall frequency of rug pulls has decreased due to more awareness and tools for detection.