rugpull
(rug-pull)
2 syllables
Definition
noun. a deceptive maneuver in which the creators or promoters of a cryptocurrency or NFT project abandon it and disappear with investors' funds.
Example Sentence
The investors were shocked when the project turned out to be a rugpull, leaving them with significant losses.
More Example Sentences
Many people are wary of new cryptocurrency projects due to the risk of a rugpull.
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rugpull
