noun General Slang

Rugpull

/ˈrʌɡ.pʊl/ · noun · slang

A crypto scam where developers abandon a project and run off with investors' money.

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Definitions

1

A very real risk in speculative crypto, not just a meme.

“Always check the contract to avoid a rugpull.”
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2

A scam in which the creators of a crypto or NFT project suddenly abandon it and disappear with investors' funds — pulling the rug out from under supporters.

“The token crashed to zero overnight, classic rugpull.”
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3

As a verb, to "rug" or "get rugged" means to be scammed this way.

“Half the people in that Discord got rugged.”
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Rugpull In A Sentence

The devs vanished, total rugpull.
He got rugged on a memecoin.
Anonymous teams are a rugpull risk.

Origin & Usage

"Rugpull" comes from the idiom "pull the rug out," describing crypto and NFT scams where developers abandon a project and take the funds. It became standard Web3 vocabulary as such scams proliferated.

Variants RugRuggedPull the rug
Tags #crypto#internet#money#meme

People Also Ask

What does rugpull mean?

A rugpull is a crypto scam where developers abandon a project and run off with investors' money.

Where did rugpull come from?

It comes from the idiom "pull the rug out" and became standard Web3 slang as such scams spread.

What does getting rugged mean?

It means being scammed by a rugpull — losing your money when a project's team disappears.

How do you avoid a rugpull?

Common advice is to research the team and check the contract, though no method is foolproof.

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