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Slow Rug

Structural value extraction via Pump.fun creator fees, cash-back trading rebates, and dev buyback theater. The chart looks alive — high volume, no dramatic collapse — while fees flow continuously to operator wallets. The treadmill pattern: high volume, flat or slowly declining price, no structural breakout.

See also
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. → Tokenomics Creator Fee Sharing Pump.fun's January 2026 feature routing a percentage of trade fees to creator wallets, split across up to 10 addresses. Structurally rewards volume regardless of price performance, enabling slow-rug dynamics where the developer extracts via fees while the chart bleeds. → Tokenomics Wash Trading A buy-sell round trip by the same wallet or related wallets to inflate volume without taking real market risk. VanEck's 2024 analysis estimated roughly 41% of Solana memecoin and NFT volume was wash trading. Detectable on the Transactions tab: the same addresses cycling, near-equal buy-sell counts, mechanical timing. →
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