A honeypot is a token contract that *looks* buyable but can't be sold — the contract's logic blocks sales, often silently, so you can buy in but never get your money back. It's the sink trap of crypto scams. Why it matters Honeypots are invisible to beginners: the chart pumps, the buy works, the "contract verified" — and then sells fail. Tools like Honeypot.is scan the functions and flag them. Rule: if it's easy to buy but impossible to sell, the liquidity is a honeypot. Related terms rug pull · token · smart contract
A honeypot is a token contract that *looks* buyable but can’t be sold — the contract’s logic blocks sales, often silently, so you can buy in but never get your money back. It’s the sink trap of crypto scams.
Why it matters
Honeypots are invisible to beginners: the chart pumps, the buy works, the “contract verified” — and then sells fail. Tools like Honeypot.is scan the functions and flag them. Rule: if it’s easy to buy but impossible to sell, the liquidity is a honeypot.
Related terms
rug pull · token ·
smart contract