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Rug Pull

Any event in which token operators extract value from external holders in a way that destroys the market price, without holders' meaningful consent or warning. Covers both narrow technical rugs (LP withdrawal) and functional rugs (soft dump, honeypot, vesting unlock, single-sided LP drain). Solidus Labs found 98.6% of Pump.fun tokens qualify.

See also
Security Hard Rug A rug pull executed by the developer directly withdrawing liquidity from the AMM pool. The liquidity disappears in a single block, the token price goes to zero, and there is nothing to trade against. Mechanically closed for Pump.fun-graduated tokens via automatic LP burn; still active on manually-deployed pools. → Security Soft Rug A rug executed by the developer selling their pre-allocated supply into existing liquidity without touching the pool. Technically legal in most jurisdictions. Produces the 'death by a thousand cuts' chart — lower highs, lower lows, ATH formed early and never retested. The most common form of extraction. → Security Honeypot A token configured so that buy transactions succeed but sell transactions fail or return near-zero output. Implemented on Solana via Token-2022 TransferFeeConfig at extreme values, freeze authority abuse, or malicious transfer hooks. Quick test: buy a minimal amount, wait one block, simulate the sell on Jupiter. →
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