CoinGecko Launches A Tool Preventing NFT Users From Rug Pulls

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CoinGecko, a renowned on-chain platform allowing crypto users to view top cryptocurrency and non-fungible token prices live, crypto and NFT charts, market capitalization, and trading volume, has launched a new tool allowing users to protect themselves from crypto and non-fungible token rug pulls. In this article, we shall explore this new crypto and non-fungible token tool in detail.

CoinGecko Launches Rug Pull Detector Tool

In a June 18 blog post, the CoinGecko team confirmed through their GeckoTerminal X account that they have unveiled a tool helping crypto and non-fungible token users avoid becoming victims of rug pull attacks. CoinGecko is a crypto data aggregator providing a fundamental analysis of the digital currency market. In addition to tracking price, volume, and market cap, CoinGecko tracks community growth, open-source code development, major events, and on-chain metrics.

STOP getting rugged and DYOR better.

Here’s how you can use Bubblemaps on @GeckoTerminal to avoid the next rugpull 👇🏻 pic.twitter.com/zvXyI7D8xu

— GeckoTerminal (@GeckoTerminal) June 18, 2025

The CoinGecko team first announced the new anti-rugpull tool earlier this year. A “rug pull” in the NFT space is a scam where developers abandon a project after attracting investment, often disappearing with investor funds. This leaves investors with worthless tokens or coins and significant financial losses. The term originates from the phrase “pulling the rug out from under someone,” leaving them stranded.

Since 2021, evaluating the exact number of NFT coins launched is challenging, but estimates suggest that millions of new crypto tokens have been created, including many NFT-related ones. Reports indicate that the number of crypto and non-fungible token coins has significantly increased since 2021, with over half a million new tokens created in 2024 alone.

Furthermore, the total number of crypto and NFT coins listed on platforms like GeckoTerminal has soared to over 7 million since 2021. Unfortunately, many crypto and NFT coins have gone to nearly zero value. In most cases, most crypto and NFT project founders appear genuine but end up as rug-pulling investors who drain funds. In response to the rising rugpull incidents, GeckoTerminal has come up with a tool helping users detect potential rugpulls.

How Does the Rug Pull Detector Tool Operate?

The CoinGecko team has launched a new dashboard tool allowing users to use Bubblemaps on GeckoTerminal to avoid the next rug pull. Bubblemaps visualises token distributions and wallet connections, helping you to quickly spot supply concentration, wallet clusters, and suspicious activity on-chain. To access this tool, users must search for any token on GeckoTerminal and click the “Bubblemaps” tab.

How does a healthy bubble maps look like?

✅ Well-distributed token holdings across many wallets
✅ No dominant clusters or whale concentrations
✅ Organic, scattered distribution pattern pic.twitter.com/LzOAUoa8Vz

— GeckoTerminal (@GeckoTerminal) June 18, 2025

In a healthy bubble map, users should take note of well-distributed token holdings across many wallets, no dominant clusters or whale concentrations, and an organic, scattered distribution pattern. On the other hand, red flags to watch for a potential rug pull include large bubbles, more price control, potential coordinated crypto wallet behavior, and uneven distribution with concentrated holdings.