Exit Liquidity typically describes a buyer of worthless assets from someone who is knowingly disposing of junk.

Exit liquidity, with its origins in traditional finance, takes on a distinct DeFi interpretation, often alluding to unsuspecting retail investors who, while seeking to convert holdings into cash, unknowingly purchase valueless coins or tokens from creators, initial investors, influencers, or other shillers. This unfortunate outcome leaves these new investors burdened with assets of little to no worth.