noun Internet Slang

Rug Pull

/rʌɡ pʊl/ · noun · slang

A scam where the creators dump and vanish, pulling the rug out from under investors.

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Definitions

1

Loosely, any sudden betrayal where someone you trusted yanks support and leaves you stranded.

“My landlord rug pulled me out of the lease with two days notice.”
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2

A crypto scam where the developers hype a token, take investors' money, then drain the liquidity and disappear, crashing the price to zero. They literally pull the rug out from under you.

“The dev wallet sold everything overnight, classic rug pull.”
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3

As a verb, 'to rug' or 'get rugged' means to be the victim of such an exit scam.

“We all got rugged, the team deleted the whole project.”
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Rug Pull In A Sentence

Liquidity vanished in one block, brutal rug pull.
Always check if the contract can be rugged before you buy.
That influencer shilled a coin and then rugged his own fans.

Origin & Usage

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.

Variants rugruggedruggingsoft rughard rug
Tags #money#meme#internet#gen-z#american

People Also Ask

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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