Crypto Rug Pull Threat Shifts: Less Frequent But Far More Damaging in 2025

• Rug pulls down 66% in 2025, but losses soar to nearly $6B due to the Mantra Network case.  
• Mantra activity spike in April flagged on-chain red flags before alleged rug pull.  
• Memecoin sector dominates 2025 rug pulls, with scams growing more complex and harder to spot.

Rug pulls may have happened less often so far in 2025, but the financial damage they’re causing has increased dramatically, according to blockchain analytics firm DappRadar. 

Their report shows just seven incidents recorded this year – that’s down 66% compared to 21 rug pulls seen in the same period last year.

But that huge loss figure is staggering – nearly $6 billion compared to just $90 million early last year. And the vast majority of this year’s damage, about 92%, is linked to the Mantra Network project, which faces accusations of pulling off one of the largest rug pulls ever. Mantra’s founders, however, have denied these claims.

What’s Behind 2025’s Massive Rug Pull Losses?

The Mantra Network incident really highlights this costly trend. The project ran on the Polygon blockchain and was listed on DappRadar. It saw a sharp jump in on-chain activity around mid-April, just befo…

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