Wanting in the crypto world is common as blockchain quickly gets global acceptance.
Although there are many types of scams, including phishing (a scam in which attackers cheat people to reveal sensitive information or install malware such as viruses, worms, etc.), Ponzi schedules and others, a popular type includes crypto carpet pulls.
In this article we will discuss some of the largest crypto carpet pulls, in particular the top 5 largest crypto -carpulls from 2024, and make a list of some ways to remain safe against future scams in the crypto world.
What is a crypto floor rug?
A crypto -floor rug is a popular scam that is often associated with new, presumably promising cryptocurrency projects with little transparency or anonymous developers. In this scam, the developers abruptly leave a project, took all invested funds with them, so that investors with worthless tokens are left behind and effectively “draw the carpet underneath”, which resulted in considerable losses for those who invested in the project.
Now let’s dive into the list of carpet tracts in Crypto that took place in 2024.
1. DIO token pump-and-dump
Jump Trading was accused of performing pump and dump operation using the decimated (DIO) token, which was originally intended for a gaming project for a fault laboratories.
To stabilize the launch on HTX (formerly Huobi), the developer left millions of DIO tokens. Jump liquidated all his companies at the highest price after hiring influencers to increase the popularity of the token, which resulted in a steep decrease when the value of the token dropped. The dio -tokens were then returned to fault laboratories when Jump bought them for a quarter of their peak value, so that their value was written off.
At the time of writing, the DIO token is traded at $ 0.007276, a decrease of 98.8% compared to its highest peak of $ 0.5879.
2. Froggy Coin Rug Pull
Another coin that reaches the list of largest carpet pulls from 2024 is the frog (frog) mint.
The carpet of Froggy Coin at the beginning of 2024 revealed a traditional decentralized finance (Defi) fraud. Froggy Coin was put on the market as a meme -token that provided users of social media. The humorous branding and promises of fast profit attracted countless investors. On websites such as X and Reddit, developers generated excitement by portraying token as a community -driven initiative with strong support.
The liquidity pool was financed by first investors, who increased the value and legitimacy of the Froggy Token. The developers quickly emptied liquidity and crashed the value of the token after they decided that enough money had been collected.
At the time of writing, the Froggy token acts at $ 0.000000000073964, a decrease of 99.95% compared to its highest peak of $ 0.00001577.
3. The Hawk Tuah -Vlijktrek Trek
On December 4, 2024, Social Media Celebrity Hailey Welch Hawk Tuah (Hawk), her meme coin in the world of Crypto, introduced. Within 20 minutes of debut, the value of the Cryptocurrency fell from $ 500 million to $ 60 million.
There was a big recoil from the online community and legal authorities. The American law firm Burwick Law has reported a federal lawsuit against Hailey Welch and three other people behind the Matte Hawk Meme Coin.
At the time of writing, the HAWK token is traded at $ 0.0006404, a decrease of 71% compared to its highest peak of $ 0.0022413.
4. Sharpei Solana Meme Coin Rug Pull
Sharpei (Shar), a cartoon -like image of a Shar Peihond, was launched in October 2024. Thanks to a push of the X -influencers of the social platform, sometimes referred to as “important opinion leaders” or cols, it quickly rose to a $ 54 million market rating.
The Presentation deck of the project leaked when it reached its top and claimed that his developers had brought on board “50+ Tier 1 Kols” and were planning to collaborate with fairs and other companies. The paper gives an overview of different influencers who have refused any connection with the effort.
Bonk Key Contribators Kadense and NOM have the claim of the leaked deck that Shar would enter into a strategic alliance with popular meme -munt Bonk after reaching a market value of $ 100 million. In the meantime, Joji, a pseudonymous influencer with more than 200,000 followers, was also involved. The influencer disputes this accusation and places a snapshot of telegram communication that has reportedly refuted a collaboration.
Shar fell from $ 54 million to $ 35.5 million in this time. As a result, insiders must be alerted, because after a huge, well -planned sale, 96.3% fell on a market worth $ 1.3 million in less than two seconds.
At the time of writing, Shar token acts at around 25% below the all time of $ 0.001314.
5. Gunit -hack and carpet pull
Rapper 50 cents, whose real name Curtis James Jackson III is, said that his website and X account were compromised to advertise for a fake cryptocurrency coin called “Gunit”. Hackers used his big fan base to blow up the value of the token before it crashed to $ 0.00016.
Although the real trade volume was $ 19.4 million, Jackson told his 32.8 million Instagram followers about the attack and claimed that the hackers earned $ 300 million in 30 minutes. Gunit was sold in large quantities by different portfolios, with four accounts that sold more than $ 100,000 each. Jackson made it clear that he was not related to the cryptocurrency fraud.
At the time of writing, the gun token is traded at $ 0.00002133, which emphasizes a decrease of 100% compared to its highest peak of $ 0.05085.
How do you stay safely against carpet in crypto?
To prevent you from falling victim to the top screen that cryptocurrency is being drawn, you have to take different steps to protect yourself.
First avoid exchange tokens on decentralized trade fairs unless the official project has shared the contract address of the token on its social platforms. Even after that you have to investigate the liquidity of the project and see if a few wallets do not hold the majority of the delivery, because that is a clear indication that a project can dump its tokens on you whenever.
Even if tokens are mentioned on centralized fairs, make sure they read their basic principles and any changes to their total offer, because increasing tokento supply can significantly influence the price of a token.
All in all, it is very important to do your research to prevent you from being involved in the next large rug in the crypto world.
