Ever seen a new meme coin on a DEX with perfect green candles — no dips, no pullbacks, just straight up like a dream? You think it’s the next 100x rocket, you ape in with 1 BNB… your wallet instantly shows 2x, 3x gains…
But when you press SELL — error.
Increase gas — error.
Try again — still error.
Congratulations. You just walked into a Honeypot.
Here’s how the trap is built:
🔸 A Honeypot isn’t a glitch — it’s coded into the smart contract.
The developer adds rules that only whitelisted wallets can SELL.
Guess who is on that whitelist?
Only the Dev.
Everyone else? BUY only — no exits.
🔸 Some advanced Honeypots let you sell a tiny amount at first to gain your trust.
Once the liquidity pool becomes juicy, the Dev hits the switch…
Sales locked. Chart keeps pumping. Everyone trapped.
Why do people fall for it?
🔸 Because when nobody can sell, the chart becomes a perfect green staircase to heaven.
No red candles.
No corrections.
Just pure FOMO bait.
🔸 Hackers also use wash-trading bots to fake volume and make the coin look “trending,” pushing more victims into the trap.
Before buying ANY random token, always:
✔ Copy contract
✔ Paste into scam scanners
✔ Look for warnings like:
— Sell Tax: 100%
— Honeypot Detected
— Creator Can Modify Transfers
If a coin is pumping nonstop for hours with zero corrections — that’s not bullish strength.
It’s a cage.
Stay sharp, protect your capital, and never chase a perfect chart blindly.
News is for awareness, not financial advice.
