🚀🚀Why You Can Buy but Can’t Sell: What Is a Honeypot Scam?🚀🚀
💸💸You’re browsing a DEX and spot a new meme coin with a perfect chart — only green candles, no pullbacks. It looks unstoppable. You ape in with 1 BNB, your wallet instantly shows 2×–3× gains, and you try to sell…
Transaction failed.
Increase gas to 20%, 50%… still failed.
Your money is stuck.
Welcome to a Honeypot.
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🔸 What Is a Honeypot?
A Honeypot isn’t a bug — it’s intentionally coded into the smart contract.
Only whitelisted wallets are allowed to sell.
The dev’s wallet is the only one on that list.
Everyone else can only buy, never sell.
Some advanced Honeypots even let you sell tiny amounts at first to build trust, then lock selling once liquidity grows.
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🔸 Why Do People Fall for It?
Because no one can sell, there is zero sell pressure, so the price only goes up.
The chart looks unreal — nonstop green candles.
Scammers also use bots to wash trade, faking volume and hype to lure more victims.
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🔹 How to Protect Yourself
Before buying any unknown token:
1. Copy the contract address
2. Check it on trusted scanners
3. If you see warnings like:
Sell Tax: 100%
Honeypot Detected
Creator can modify transfers
…run immediately.
If a random coin pumps nonstop with no corrections, it’s usually not magic — it’s a trap.
This is for information only, not financial advice.
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