The Honeypot Scam Explained Why You Can Buy But Can Not Sell?
You’re scrolling through Dex and suddenly a brand new meme coin catches your eye.
The chart looks too perfect — only vertical green candles, zero corrections.
“Wow, this is strong! Community is hyped, I need to jump in before it’s gone!”
You swap 1 BNB, tokens arrive instantly…
Your portfolio shows x2, x3 profit in minutes.
Full excitement.
You smash the SELL button…
❌ Transaction failed.
You increase gas fee.
20%… 50%… still failed.
Your money is stuck forever.
Welcome to a Honeypot.
🔥 What Is a Honeypot?
A Honeypot is not a blockchain glitch — it’s malicious code written into the smart contract.
The developer inserts logic that allows:
🟢 Buy is allowed for everyone
❌ Sell is allowed only for wallets on the whitelist
Guess who’s on that whitelist?
👉 Only the dev’s wallet.
Everyone else can buy the token — but nobody can sell.
So the chart keeps going UP ONLY.
There is zero sell pressure, triggering extreme greed in new buyers.
To make it even more convincing, scammers often:
🧠 Use bots to wash trade
📈 Fake volume
🔥 Push the token to Trending
🎭 Advanced Honeypots Are Even Sneakier
Some contracts allow small selling at first.
People test withdraw, get comfortable, and start buying more.
Then when liquidity is fat enough, the dev flips the Sell Lock switch.
→ Everyone trapped.
→ Dev drains liquidity and disappears.
🧯 How To Protect Yourself
Before buying any unknown token:
1️⃣ Copy its contract address
2️⃣ Check it with Honeypot and scam scanners (there are many free tools)
3️⃣ If you see:
❌ Sell Tax: 100%
❌ Honeypot detected
❌ Creator can modify transfer
➡️ RUN IMMEDIATELY
🤨 Ever wondered why a random coin pumps nonstop for hours with zero red candles?
It’s usually not a miracle.
It’s a trap designed to collect your money.
Always DYOR.
Stay safe in crypto. 💡💰
