Internet
rug pull
What does rug pull mean?
A fraud in which a project's creators build hype, attract buyers, then pull the liquidity (or dump their allocation) and disappear, crashing the token to zero. Often shortened to 'rug' or used as a verb, 'to get rugged'.
"The devs deleted the Discord and drained the pool overnight — classic rug pull."
Origin
From the English idiom 'pull the rug out from under someone,' meaning to suddenly withdraw support. Crypto adopted it in the late 2010s as memecoin exit scams exploded.
Frequently asked questions
What does 'rug pull' mean in crypto?
It's a scam where developers hype a token, take the money, and drain the liquidity, crashing it to zero. Investors get 'rugged.'
What does 'getting rugged' mean?
It means you were the victim of a rug pull — the team took your money and disappeared, leaving your tokens worthless.
What's the difference between a soft rug and a hard rug?
A hard rug is an instant liquidity drain; a soft rug is a slow abandonment where the team quietly stops working and dumps over time.
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