Top 10 Rug Pulls of 2024: What They Had in Common
Top 10 Crypto Rug Pulls of 2024 & How to Avoid Them
Discover the biggest crypto scams of 2024 and how SafeRange can protect your investments from rug pulls and fraud.
Table of Contents
From meme coins to NFT scams, 2024 was filled with high-profile rug pulls. Here’s what they had in common β and how SafeRange can help protect you.
𧨠1. DIO Token Pump-and-Dump
Jump Trading manipulated the Decimated (DIO) token, creating an artificial pump before dumping. The price dropped by 98.8% from its all-time high.
πΈ 2. Froggy Coin Rug Pull
A classic meme token scam. Froggy Coin generated social media hype and disappeared overnight, leaving investors with worthless tokens.
π₯ 3. HAWK Token Collapse
Launched by influencer Haliey Welch, $HAWK surged to $500M before crashing. Legal action followed, alleging insider trading and manipulation.
πΆ 4. Sharpei Solana Memecoin
Endorsed by influencers and featuring cute Shar Pei imagery, this token reached $54M before falling 96% to $3.4M.
π€ 5. GUNIT Token Fraud
Using a hacked account of 50 Cent, scammers promoted the GUNIT token. Investors poured in, only to lose everything in a matter of hours.
πΈ 6. ETHTrustFund Exit Scam
ETHTrustFund stole over $2M before disappearing. Funds were routed through mixers, and all project traces were wiped clean.
π¦ 7. Mutant Ape Planet NFT Scam
A copycat NFT project of BAYC, Mutant Ape Planetβs creator vanished with $2.9M. Fraud charges were later filed.
β 8. Neiro Memecoin
A supposed “community-driven” token β the Neiro dev ran off with $2.85M. Another example of why DYOR is crucial.
π¦ 9. BitForex Exchange Rug Pull
In one of the yearβs largest heists, BitForex removed over $56M from wallets before vanishing without notice.
π¦π· 10. $LIBRA Cryptocurrency Scandal
Promoted by Argentinaβs president, $LIBRA was hyped by national media. Investors lost nearly $250M in a major crash that sparked global headlines.
π What These Rug Pulls Had in Common
- Influencer-driven hype with no fundamentals
- Anonymous developers and no team transparency
- Poor tokenomics with large dev allocations
- Sudden liquidity drains followed by social wipe-outs
π‘οΈ How to Protect Yourself: Meet SafeRange
SafeRange is an early warning system for risky crypto assets.
- β‘ Detects abnormal price volatility
- π¨ Flags tokens with poor liquidity
- π Tracks social engagement anomalies
- π Helps you avoid rug pulls and smart contract scams
Try it here π https://saferange.netlify.app/
π’ Final Words
Rug pulls are evolving β and so must your protection tools. Donβt invest blind. Let SafeRange help you stay one step ahead of crypto scams.