Rug pull
🌍
Pan-African
Added August 02, 2025
TOP DEFINITION
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.)"
by
Khulekani Dladla
August 02, 2025
0