Sahil Arora, the self-proclaimed “super villain” of the crypto world, has made quite a name for himself by churning out over 100 memecoins. Yes, you read that right. Over a hundred. And what’s his claim to fame? Rug pulls. He’s not shy about it either. In fact, he boasts about the millions he’s made from these schemes, which he claims are the “fastest payday” in crypto. Charming, isn’t it?
Sahil Arora, the crypto “super villain,” revels in his over 100 memecoins and lucrative rug pulls. Charming, isn’t it?
Rug pulls involve creating worthless tokens, promoting them through flashy endorsements—often bought and paid for—and then cashing out before investors realize they’ve been duped. Arora knows the game well. He and other creators hold a hefty chunk of the tokens, and when they sell off, the price crashes. Investors? They’re left holding the bag.
Just last year, rug pulls cost investors over $500 million. This year? Nearly $6 billion. Ouch. Notably, 90% of 2021 rug pull losses were attributed to Thodex, which highlights the scale of these scams. Bear markets can exacerbate losses, as panic selling becomes more prevalent during downturns.
As if that weren’t enough, the complexity of these scams is on the rise. They’re no longer just simple cons. The Mantra Network incident, for example, is a shining beacon of how complicated these schemes can get. On-chain activity sometimes hints at foul play, but spotting scams has never been tougher. Almost 2 million investors have been burned, and new scam tokens pop up every hour. Talk about a nightmare. Interestingly, rug pulls are happening less frequently, but the losses are getting bigger. In 2024, there were 21 incidents, while 2025 saw just seven. But those seven? They inflicted serious financial damage, with 92% of 2025 losses linked to the Mantra Network project.
The crypto world is shaking its head, feeling the economic sting and growing distrust. Regulators are scrambling to keep pace with the evolving landscape, but let’s be real—there’s a lot of work to do. Arora and his ilk are cashing in while the rest are left picking up the pieces. Welcome to the wild west of cryptocurrency.
