{"slug":"rug-pull","term":"Rug Pull","category":"Whales & On-Chain","definition":"A rug pull is the deployer of a token withdrawing the liquidity pool, or dumping a hidden supply, after buyers have arrived — the price collapses to near zero because there is nothing left to sell into. It is the default ending for memecoins; the question is never whether but how fast. Liquidity that is not locked or burned is a rug waiting for a signal.","street":"The team can pull the liquidity whenever they like unless it is locked. If you cannot verify the lock, you are the exit liquidity by definition.","depth":["The soft version is the same thing in slow motion: the deployer holds 30% of supply in wallets that were funded together, and sells into every pump. Our meme tape flags the conditions — liquidity under $10,000, liquidity below 2% of market cap, sells running two to one — and the cabal work traces which wallets the deployer funded, because the same operators run the same play on launch after launch, from rotating wallets.","The defences are boring and they work: check that liquidity is locked or burned, that the deployer's wallet has not kept a large share, that the token's early buyers were not one cluster funded by one address, and that volume is not three wallets trading with each other. A token that passes all four can still go to zero; one that fails any of them will."],"live":{"label":"Meme tape: flags for thin or collapsing liquidity (free sign-in)","href":"/meme"},"related":["liquidity-pool","honeypot","dev-wallet","bundled-launch","wash-trading"]}