What is a rug pull?

Rug pull: A scam or crash where the creators take the money and the token falls 90%+ and never recovers.

The creator pulls the liquidity or sells all their tokens at once, leaving buyers with a coin nobody can sell. MemeSonar marks a token as rugged when it falls 70%+ from its top within 24 hours or when liquidity is pulled, hides it from members and learns from every rug how to spot the next one.

Example

A token goes from $400k to $8k in two minutes after the creator sells.

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What is a rug pull?

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