What Is the Consequence If the Liquidity Lock-up Expires?

When the lock-up expires, the control of the liquidity pool tokens reverts to the wallet that initiated the lock, typically the project team. At this point, the team regains the ability to withdraw the underlying assets (the liquidity).

If they choose to withdraw the assets and not re-lock them, it can lead to a soft or hard rug pull, causing the token price to crash.