Definition

A cryptocurrency scam where developers disappear with investors' money after hyping a project. It's called a 'rug pull' because the scammers literally pull the rug out from under everyone.

Example Usage

The crypto project we invested in turned out to be a rugpull, and the founders vanished with our $100K.

Source: Cryptocurrency and internet slang terminology

Related Terms

Intermediate

ash-hole

A family-friendly pun for describing volcanoes that have historically ruined everyone's day by spewing volcanic ash everywhere. It's geology humor for people who appreciate a good wordplay while discussing pyroclastic flows. Basically, Mother Nature's way of being a jerk to entire civilizations.

📱 Gen-Z / Internet Slang
Advanced

Topher Bus

The clone of Christopher Columbus from the cartoon series Clone High; a comedic character whose existence is basically a pun on 'Christopher' shortened to 'Topher.'

📱 Gen-Z / Internet Slang
Intermediate

Ratio

When a reply to a post gets more likes than the original post, indicating the original take was bad and the response was better. Getting ratioed is the digital equivalent of being publicly corrected by the entire internet at once. There is no comeback from a clean ratio.

📱 Gen-Z / Internet Slang
Intermediate

butch

A lesbian, typically masculine-presenting or with traditionally masculine characteristics, fashion, or demeanor. The term exists within LGBTQ+ communities as a self-descriptor, though context and speaker identity matter significantly.

📱 Gen-Z / Internet Slang
Beginner

Brill

When you think something is brilliant, like a geniusmemeor a moving story, you can describe it as "brill." People often use it while texting or messaging online, but they may also say it aloud.

📱 Gen-Z / Internet Slang
Beginner

banana seat

An elongated, curved bicycle seat resembling a banana in shape, popular on children's and teenage bikes in the 1960s-1980s. Often accompanied by high-rise handlebars and a recumbent riding position, it became a symbol of retro casual cycling.

📱 Gen-Z / Internet Slang

Translate This Term

See “Rugpull” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.

Try the Translator

Share This Term

Post on XShare on FacebookShare on LinkedIn

Discover a Term

Beginner

LISS

Low-Intensity Steady State cardio—jogging, cycling, or walking at a conversational pace. The tortoise to HIIT's hare....