PLAIN ENGLISH
What does Rug Pull mean?
Rug pull is a broad crypto term for a project or token whose creators exploit their control to extract value and abandon participants. The mechanics vary: liquidity can be removed, hidden supply can be dumped, or other privileged controls can be abused.
IN THE WILD
How people use it
Tokens, NFT projects and other crypto launches.
EXAMPLE“The chart collapsing is not enough by itself to prove a rug pull; check what the wallets and liquidity actually did.”
ALSO USED AS
rug · rugged