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Honeypot

slang
1 min readupdated 2026-05-29✏️ Suggest an edit🕑 History

A honeypot is a fraudulent token whose smart contract permits buying but blocks selling for everyone except the creator. The victim sees a green chart, buys in, and is trapped.

Defense: check the contract through token screeners (Honeypot.is, GoPlus); never buy unaudited tokens.

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