3 hours ago
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 accounts for 92% of the losses. Earlier this month, the OM token plunged from a high of $6.35 to a low of $0.37 after at least 17 wallets transferred 43.6 million OM tokens ($227 million at the time) to crypto exchanges. “Mantra Network, which presented itself as a legitimate DeFi platform, sits at the crossroads of these trends: a project that marketed utility, operated quietly on-chain, and ultimately collapsed in spectacular fashion.” But while rug pulls caused more financial damage this year, their frequency has actually dropped. DappRadar says that there were 21 recorded incidents of the scheme in early 2024, but only 7 have so far been reported this year. The figure marks a 66% decrease in frequency year-over-year. “This shift suggests that rugpulls are becoming less frequent, but far more devastating when they do occur. The scams are increasingly sophisticated, often orchestrated by teams with polished branding and well-planned narratives.” In early 2024, most rug pulls originated from decentralized finance (DeFi) protocols, non-fungible token (NFT) projects and memecoins, while this year, the majority of incidents occurred within the memecoin sector. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Rug Pull Losses Have Soared 6,499% This Year Despite Decrease in Frequency, Says DappRadar appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Trump’s Trade Turmoil Slams Stocks and the Greenback, Fuels Rush to Bitcoin and Gold
The four marquee U.S. equity gauges opened the week in steep retreat, moving in lockstep toward lower ground. This collective slide reflects investors’ unresolved anxiety over President Trump’s evolving trade agenda. Equities Rout to Bullion Rush: Why Investors Are Ditching Stocks for Digital and Real Gold The exodus from U.S. assets intensified, with the Nasdaq The Daily Hodl
BITCOIN PRICE ANALYSIS & PREDICTION (April 21) – BTC Finally Overcomes $86k After Multiple Rejections, Where Next?
Prior to the latest positive surge in volatility, Bitcoin lost momentum and remained indecisive for over a week. It is currently up 5% in the past hours following a notable break above a weekly resistance level. After bouncing from $74.5k in the first week of the month, Bitcoin recovered nicely and tapped the $86,000 range. It later cooled off buying pressure after facing resistance and traded calmly in the second week. Several attempts to overcome this level proved abortive throughout last week, and the asset maintained sideways movements. Volatility increased today, and the price surged to a new monthly high with an impressive daily gain in the last 24 hours. The latest surge was mainly triggered by a break above the mentioned price range, which has been serving as a critical resistance for the bulls for over a week. They are currently targeting $88.7k. Overcoming it could pave the way for more recoveries towards the crucial $95k level. This crucial level marked a tough resistance for the bulls in the second phase of the short-term bearishness. If they manage to scale through, we can anticipate a major rally capable of activating a major reversal in the trend. With negative sentiments surrounding the crypto market from a mid-term perspective, Bitcoin might soon face tough resistance. And if that happens, the $70k level would be its next target point for selling. BTC’s Key Levels To Watch Source: Tradingview While the bulls’ next target levels lie at $888,765 and $90,000, they may face resistance at $92,810 if the price surpasses the mentioned levels. The $95k level is considered a trigger point for its next long-term move. Should the bears step back, the potential support levels to consider for drops would be $85,500, $81,135 and $76,606. Reclaiming the monthly $ low should set the market up for another crackdown. Key Resistance Levels: $88,765, $92,810, $95,000 Key Support Levels: $85,800, $81,135, $76,606 Spot Price: $86,888 Trend: Bearish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! The Daily Hodl
