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What is rug pull?
When someone pulls a rug from one place to another place
"Aladdin's rug pull game was strong."
rug pull - video
Rug pull - what is it?
When you buy a BSC token thinking you'll become the next crypto millionaire but then the dev(s) slowly over time drain the asset and sell it off on an exchange or on Pancakeswap for a more valuable asset or stable coin such as Bitcoin, BNB or BUSD leaving you with a worthless token.
*dev or mod shilling coin on Facebook group from alt account
"hey group check out this token called Supremium, if you buy it at 0.0000005 you'll be rich when this token 100x within a year"
*Investors join and devs slowly dump all their coins on you and take that sweet BNB, BTC or BUSD
Leaving you with a ton of tokens and zero to no purchasing power (i.e parasitic rug pull)
What does "rug pull" mean?
Claiming you are down to buy, hodl, and help promote a community coin cryptocurrency project, but take all your money and run the moment you get a x10. Saying you'll hold, then leaving the moment any profit happens.
The Community Coin's development team proved the project isn't a rug pull, and the value skyrocketed until some big hodlers treated it like a pump and dump scheme and did the Investor's Rug Pull. They left the developers and the community in the ditch and tanked the coin.
Rug pull - what does it mean?
I was rug pulled after buying Sushi. The creator sold all his $SUSHI after it blew up.
Rug pull - meaning
When after 4 days of sitting on the sidelines you decide to join the stock market and buy a 0 DTE SPY 420 Call only to watch SPY plummet 7% initiating a circuit breaker 3 seconds after you click the buy button.
Drew: Damn I was hoping to turn my stimulus check into a brand new Tesla but JPOW decided to rug pull on me right as I got in
Mike: Well at least you can get a 4 piece chicken tender at Wendy's
Rug pull - definition
When you buy a BSC shitcoin thinking you'll become the next DFV but then the Devs dump all there coins on you and take that sweet BNB pot leaving you with a worthless shitcoin. (Some people also call this rug Roulette as long as you can get out before the Devs do)
*guy shilling coin on Reddit
"fuck yeah, I'll be rich with this 1000x coin"
*Devs dump all there coins on you and take that sweet BNB
Leaving you with a coin worth jack shit (i.e rug pull)
Rug pull - slang
When life suddenly pulls the rug metaphorically from your feet and your life suddenly changes with some sort of major loss that is unexpected or unfathomable
I tried to unlock my front door but my ex-wife rug pulled me and changed the locks.