đ If a chart looks âtoo perfect,â it probably isâŚ
$BNB đĽ Youâre scrolling through DEX and suddenly â BOOM â a brand-new meme coin with a chart going straight to the moon.
No red candles. Only green. Pure magic. You think:
âI MUST BUY NOW!â
You ape in with 1
$BNB ⌠and instantly see 2x, 3x gains.
You hit SELL to secure profitsâŚ
â Transaction Error
Increase gas to 20%⌠50%⌠Still â
Your money? GONE.
Welcome to the Honeypot Trap.
---
â ď¸ What Is a Honeypot Scam?
This isnât a glitch â itâs hard-coded fraud.
đ The dev inserts Smart Contract code that:
Allows ONLY Whitelisted wallets to SELL
Whitelist = Dev wallet only
Everyone else? BUY only. No SELL.
𤯠Some advanced honeypots even let you sell tiny amounts at first to build trustâŚ
Then once liquidity is big enough â Dev flips the LOCK.
Game over.
đ§ Why Do People Fall For It?
Because the price can only go up when NO ONE can sell.
âĄď¸ Zero sell pressure
âĄď¸ Perfect green chart
âĄď¸ Extreme FOMO
âĄď¸ Fake volume from wash-trading bots
âĄď¸ âTrendingâ illusion on DEX tools
Looks bullish, but itâs a trap designed to suck in greed.---
đ Before Buying Any Unknown Token â DO THIS:
1ď¸âŁ Copy contract address
2ď¸âŁ Paste into a scanner (e.g., Token Sniffer / DexTools checks)
3ď¸âŁ If you see:
â Sell Tax 100%
â Honeypot Detected
â Creator Can Modify Transfer
âĄď¸ RUN. NOW.
đ A coin that pumps for HOURS with no correction is usually not âstrongââŚ
âŚitâs locked.
Itâs a trap, not a miracle.
đĄ News and analysis are for reference, not financial advice.
#HoneypotAlert #BinanceSquare #CryptoSecurity #DYOR #Web3Safety