LP burned vs locked: what it means for a Solana token
A "liquidity pull" is the classic rug: the creator removes the pool and the coin can no longer be sold for anything. Whether that is possible depends on who controls the LP tokens.
What LP tokens are
When someone adds a token and SOL to a DEX pool, they receive LP tokens that represent their share. Whoever holds the LP tokens can withdraw that liquidity.
Burned
Burned LP tokens were sent to an address nobody controls. That liquidity can never be withdrawn. This is the strongest protection against a liquidity pull.
Locked
Locked LP sits in a time-lock contract until a date. It is safe until the lock expires, so check when it ends.
Unlocked
If the creator or one wallet holds the LP tokens freely, they can remove the liquidity at any time. Treat this as high risk.
pump.fun coins on the bonding curve
Before a pump.fun coin graduates, there is no DEX pool and no LP to pull. That does not make it safe: insiders and the creator can still sell into the curve. After graduation, pump.fun's migration burns the LP.
FAQ
Does burned liquidity mean a coin is safe?
No. It only removes the liquidity-pull risk. Large holders can still dump.
How do I check LP status?
A rug check reads the pool and the LP token holders from public data and tells you whether it is burned, locked, on the bonding curve or removable.
More: Red flags glossary · Launch checklist · Rug Screener
Educational only, not financial advice.