Exit Liquidity

Exit liquidity describes buyers who unknowingly absorb the sell orders of those who have pumped or hyped a coin to drive up demand. When a token is artificially inflated — by a coordinated group, an influencer, or a single actor — the resulting wave of buyers gives promoters the opportunity to offload their holdings at a profit, leaving new entrants with depreciating assets. The phrase is widely used in crypto as a cautionary label: being someone else's exit liquidity means your capital funded their gains.