This year, compared to 2024, the number of crypto-rag pulls has decreased by 66% year-on-year, but recent data shows that the size of each lug pull is increasing.
According to an April 16 report from Blockchain Analytics platform Dappradar, Lagpur fell frequently year-on-year, recording 21 separate incidents in 2025.
However, since the beginning of 2025, the Web3 ecosystem has lost nearly $6 billion in Lagpur, according to a report by Dappradar. However, the report attributes 92% of them to Mantra’s OM token collapse. This is something the founder strongly denies.
In comparison, in the same period in early 2024, three months after the year, the total loss from Ragpur reached $90 million.
“This shift suggests that the frequency of lag pulls is decreasing, but it is much more devastating when it occurs,” said Sara Gherghelas, an analyst at Dappradar.
“The scams are becoming increasingly sophisticated and are often organized by teams with sophisticated branding and well-planned stories.”
Ragpur’s Maycoin main perpetrator
Gherghelas says the rug’s pull nature has evolved. In the first quarter of 2024, most were born with Defi Protocol, NFT Projects, and MemeCoins. In the same time frame in 2025, most lag pulls occurred with memokine.
Libertad Project’s native Solana Token, Libra (Libra), is one of the most famous cases of rugpur these days. It was raised to a market capitalization of $4.56 billion on February 14th after Argentine President Javier Milei posted on X.
The token then fell more than 94% after deleting the post, prompting accusations of pump and dump schemes.
“Rug pulling and exit fraud remains a persistent threat, especially in ecosystems where projects can rapidly gain traction through hype.
“Despite the growing awareness and more tools to detect suspicious behavior, lagpur remains a continuous problem, especially in Defi and the newly launched token ecosystem.”
Gherghelas says the red flag on the lagpur can include sudden spikes of unusually large numbers of unique active wallets paired with no clear reason or low user activity.
At the same time, you can spike overnight with unverified smart contracts, limited GitHub activity, or projects with anonymous developer teams or Dapps.
Related: Savvy Memecoin Trader makes $988,000 in 3 hours despite Ragpuuur
“As the industry matures, the tactics used by bad actors mature, but the tools available to users are also stronger,” says Gherghelas.
“Ragpur will not be completely eradicated, but equipping users with the right information can significantly reduce its impact.”
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