You are browsing Dex and find a brand new Meme coin. The chart is as beautiful as a dream. Only vertical green candles, not a single red candle. You think this bet is very strong, the community feels anxious, you should enter now or miss the opportunity. You are exchanging 1 BNB to buy tokens. Immediately, the account reports a profit of X2, X3. You happily press the sell button to close the profit but an error message appears in the transaction. Increase the gas fee to 20%, 50%... there is still an error. Your money is locked forever. Welcome to Honeypot
🔸 The Honeypot is not a network error; it is an encoded feature in the smart contract:
The hacker inputs code stating that only the whitelisted wallets are allowed to execute sell orders.
Exclusive whitelist. Only the developer's wallet is on this list. All other wallets are only allowed to buy.
Advanced honeypots allow you to sell small amounts initially to build trust, then the developer switches the sales lock key once the liquidity pool is fat enough.
🔸 Why do we fall for that?
Since no one can sell, the selling pressure is zero. The price can only rise. This creates a perfect growth scheme, leading to extreme greed among observers.
Hackers often use their own bots for fake trading to inflate volume, making the project appear active and trendy.
🔹Before buying any strange coin in any ecosystem, you need to:
Copy the contract address for that coin.
Paste in the scanners
If you see a sell tax: 100%, the honeypot has been revealed, or the creator can modify the transfer, run immediately.
Have you ever wondered why an unknown coin keeps rising continuously for hours without a single correction? It's usually not a miracle; it's a trap.
News for review, not investment advice. Please read carefully before making a decision.
