Rug pull
A rug pull is when a token's creators or insiders take the money out: they withdraw the liquidity pool or dump a large hidden supply, leaving other holders with a token that is near worthless or cannot be sold. It is one of the most common ways memecoin traders lose money.
The two main forms
Jupiter's risk documentation says token creators can remove all liquidity from a pool at any time, making the token untradable and effectively worthless. If liquidity falls below Jupiter's minimum, the market is dropped from Jupiter's routing. Dedaub's explainer describes the other form: the team lets trading run normally and then suddenly dumps its supply.
A rug differs from a honeypot. In a rug you can trade normally until the exit. A honeypot blocks you from selling from the start.
How common it is
Solidus Labs analysed Pump.fun tokens created between January 2024 and March 2025. It reported that of more than 7 million tokens with at least five trades, only about 97,000 kept liquidity above $1,000. It found that 98.6% collapsed into pump-and-dump patterns shortly after launch. Among 388,000 Raydium pools, Solidus said about 93% showed soft rug pull characteristics, where liquidity was abruptly withdrawn. These are Solidus's own classifications.
Signals to check
Each check closes off one route, not all of them. Burned or locked LP stops a liquidity pull but not a supply dump. A revoked mint authority stops new supply. A revoked freeze authority stops accounts being frozen. Holder concentration, bundled launch buys and wallet clusters show how much supply a small group controls. GMGN's checks add a rug history for the creator's previous launches.
What it means before you trade
Size positions as if the pool could disappear, because on a young token it can. Confirm the contract address, since Jupiter notes that anyone can create a token with any name. Read the authority, LP and holder data together. Treat scanner results as a reference, not a verdict: GMGN says its checks cannot guarantee accuracy.
Where this shows up
- RugCheck — Solana memecoin traders who want a free, quick risk check (authorities, LP locks, insiders, holder concentration) before buying a token.
- Bubblemaps — Traders and researchers who want a quick visual check of whether a token's supply is concentrated in linked wallets before buying.
- GMGN — Multichain memecoin traders who want smart-money tracking and copy trading across a web terminal and Telegram bots.
- Jupiter — Solana traders who want aggregated routing across DEXes with low or zero fees on major and stable pairs.
- DEX Screener — Traders who want a free, multi-chain view of new and trending DEX pairs before they trade on a separate DEX, wallet or bot.
- pump.fun — Creators launching a memecoin in one click, and traders buying early on the bonding curve before graduation.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Risks and Limitations, Jupiter Spot (Jupiter docs) — checked 2026-10-16
- Honeypot Tokens: What They Are & How to Spot Them (Dedaub Tok{In}) — checked 2026-10-16
- Solana Rug Pulls and Pump-and-Dumps report (Solidus Labs) — checked 2026-10-16
- CA Security Checks (GMGN docs) — checked 2026-10-16
- Burn & Earn (permanent liquidity lock) (Raydium docs) — checked 2026-10-16