The token launchpad RugProof, which claims to offer protection against rug pulls, is suspected of being a fraudulent scheme, according to analysts at Bubblemaps.
someone really built a “rugproof launchpad”
just to rug you
50% of their token was bundled at launch pic.twitter.com/yznXeULEBC
— Bubblemaps (@bubblemaps) July 28, 2025
According to the RugProof website, the project allows anyone to create coins with “zero early investment risk, anti-dumping mechanisms, and built-in rewards for long-term holders.” The team has claimed the possibility of token buybacks and “lifetime rewards.”
The platform also has its own coin, RUGPROOF, which is listed on most popular crypto aggregators like CoinGecko and CoinMarketCap.
Data from Bubblemaps indicates that a cluster of interconnected wallets concentrated 50% of the coin’s issuance. The likely owners are the platform’s developers.
“The token creator ‘o93G6B’ sent SOL to 162 addresses. These wallets purchased 50% of the RUGPROOF supply at launch,” analysts noted.
This distribution structure resembles many rug pull schemes. Furthermore, RugProof has not provided data on smart contract audits and tokenomics.
Earlier in 2025, losses from hacks and fraud in crypto projects amounted to $3.1 billion, according to Hacken. This figure has already surpassed the total for 2024, which was $2.85 billion.