What is a Honeypot Scam?. A honeypot is a contract that lets you buy a token but blocks selling or transferring under hidden rules, trapping funds.
How it works
Malicious code rejects sells, alters fees to near‑100%, or whitelists only insiders.
Why it matters
Simple checks—reading code or trusted audits—prevent avoidable losses.
Common pitfalls
- Trading unaudited contracts with opaque code
- Relying on copied explorer comments
- Ignoring tiny test trades
Quick example
You attempt to sell and get repeated failures; an audit reveals sell restrictions baked into the token contract.
See also
- Rug Pull
- Audit
- DEX
TL;DR: What is a Honeypot Scam? defined in plain English with practical next steps.
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