The term “rugged” refers to a situation where a project or asset is suddenly abandoned or disappears, often leaving investors with significant losses. This usually happens when developers or creators of a project withdraw funds from the platform and stop all operations. Rug pulls can occur in various forms, including the exit of team members or failure to deliver on promised features. Investors often find themselves holding worthless tokens or assets with no way to recover their investment.The term gained popularity due to the rise of decentralized finance (DeFi) projects, where investors have less oversight and protection compared to traditional investments. These situations highlight the importance of thorough research and due diligence before investing in any new project, as the risk of a rug pull can be significant. Overall, being aware of the possibility of a rug pull can help individuals make smarter investment choices and avoid potential scams.