Crypto Rug Pull Loss Don Reach $6 Billion As Mantra Network Fall Yakata
For 2025, crypto rug pull loss don increase sharply by 6,499%, wey make am nearly $6 billion. This jump dey mainly because of the big collapse of Mantra (OM) network, wey be say na him cause 92% of all the loss. Wetin trigger the wahala na when 17 wallets move 43.6 million OM tokens wey worth $227 million go exchange, wey make the token price fall pass 90% within one hour. Even though the way dem dey do this kind scam don reduce from 21 incidents for early 2024 to 7 for the same time for 2025, the money wey dem dey carry for each one don increase. This trend show say dem don dey use better way dey carry out the scam, especially for memecoin sector. All this one dey show say traders need to dey more careful, because the money wey dem fit lose for this scam fit dey big, even though dem no dey do am anyhow like before.
Bearish
Di rug pull wey Mantra do, no just cause serious money loss, but e don spoil investor mind for di project, wey dey make OM token no dey shine again. Dis kain big sell-off and insider play wey dey happen, dey always show say bad belle go dey long and money no go dey circulate well, wey go make am hard to recover. For history, project wey dem catch for dis kain fraud matter, dey struggle to get investor trust back, wey dey cause price to dey fall down and new investor dey fear to put hand. So, dem expect say dis thing go dey affect di way cryptocurrency market dey behave for long time.