rug-pull /ˈrʌɡˌpʊl/noun 2rug pull verb 1forms 4 noun2 •A fraud or scheme where the leaders of a project or company (especially in cryptocurrency) deceive others into investing, before the project or company is abandoned or found to lack value.Well, I think we're looking at a classic rug pull in just a few days. Once we pump the coin as high as it'll go, then I can register for an MSB with the federal government. — 2025 •(figurative) A sudden revelation that completely contradicts the assumptions one has been led to believe.Perhaps this necessity to be on guard for the next rug-pull is what makes A Footstep of Air proceed in fatiguing seesaws instead of invigorating changes of pace. — 1977 rug pull verb1 •To carry out a rug-pull. formsrug pulled · rug pulling · rug pulls · rug-pulls