Rug pull definition 1
A scam in the crypto/NFT world where project creators suddenly abandon and run off with investors' funds, causing the coin's value to crash. If someone says 'we got rugged,' it means they fell victim to a rug pull.
"That DeFi platform was a rug pull. The devs vanished and the token's value dropped to zero overnight. (Meaning: That decentralized finance platform was a scam. The developers disappeared with the funds and the token's value collapsed overnight.)"
Word Details
- Country
- 🌍 Pan-African
- Definitions
- 1 community definition
- Added
- April 2026
↻ Similar Words
A scam in the crypto/NFT world where project creators suddenly abandon and run off with investors' funds, causing the coin's value to crash. If someone says 'we got rugged,' it means they fell victim …
"That DeFi platform was a rug pull. The devs vanished and the token's value dropped to zero overnight. (Meaning: That dec…"
🌍 About Pan-African Slang
Pan-African slang captures the everyday language, street expressions, and cultural vocabulary of its people.
KASINARY has 16 Pan-African slang words collected from native speakers.
Browse all Pan-African slang (16 words)🌍 "Rug pull" Across Africa
This word is also used in 1 other country, sometimes with a different meaning.
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