What Does This Mean?
When the creators of a crypto project suddenly drain its liquidity or abandon it entirely after hyping it up, leaving holders with a worthless token — 'pulling the rug out' from under investors.
REAL-WORLD EXAMPLE
"The dev deleted the Discord and the website twenty minutes after launch — classic rug pull."
LORE & ORIGIN
A staple of the 2021 DeFi and NFT boom where anonymous teams could launch a project, drive up the price through marketing, then withdraw all funds and vanish — the term became the go-to shorthand for crypto scams of this exact shape, and remains the most-feared outcome in memecoin trading.
EQUIVALENT CONCEPTS IN OTHER LANGUAGES
MENTIONS OVER TIME
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