verb (past), adjective
Internet Slang
rugged
· verb (past), adjective · internet
Got scammed by a project that yanked the liquidity and ran.
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Definitions
1
Got rinsed by the project's own team. They drained the liquidity pool, deleted the Discord, nuked the site, and vanished — your bag is now worth zero and there's no one to sue. The default exit scam of crypto.
“Woke up to the chart at -99% and the dev's Twitter deleted — fully rugged.”
by community
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2
Of a token/project: confirmed to be an exit scam. Used as a status tag once the pull is obvious on-chain.
“Don't bother, that one's rugged — liquidity got pulled six hours ago.”
by community
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rugged In A Sentence
Woke up to the chart at -99% and the dev's Twitter deleted — fully rugged.
Don't bother, that one's rugged — liquidity got pulled six hours ago.
Origin & Usage
Short for 'rug pulled' / 'rug pull' — from the older English idiom 'pull the rug out from under someone.' Crypto-native usage took off in the 2020–21 DeFi summer wave, when anonymous teams routinely launched tokens, farmed liquidity, then drained the pool overnight.
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