Honeypot scams are one of the dirtiest tricks in crypto . They look harmless at first, sometimes even promising. You buy in, the price rises, and it feels like you’ve found a gem. But try to sell? You’re stuck. Behind the scenes, the smart contract is rigged. It’s coded to block your ability to withdraw or sell. You’re holding worthless tokens in a fake project designed to look real. That’s the game. What a Honeypot Looks Like On the surface, honeypot tokens behave like any other. They have a website, maybe a Telegram group. The token launches, it trades smoothly, and early buyers can purchase without a hitch. But the contract is the trap. Built into its code are hidden restrictions—functions that prevent sales, reject swap attempts, or disable transfers. You only find out when you try to cash out. By then, it’s too late. To make it worse, the price often rises quickly. That’s part of the bait. You think you’re making gains. But the volume is fake, the sales are staged, and your funds are locked in. How To Detect a Honeypot You won’t catch every trap, but there are ways to spot most. 1. Check the smart contract Use tools like Etherscan, BscScan, or Solscan—depending on the chain. Look through the contract for: Transfer restrictions: If a function prevents or limits sales. Mint function active: If the dev can mint unlimited tokens, they can flood supply. Liquidity unlocked: Without locked liquidity, devs can pull the entire pool. Changeable trading rules: Contracts that allow devs to alter fees or permissions post-launch are red flags. 2. Analyze trading behavior Only a few wallets able to sell? Suspicious. That means the contract likely whitelists specific addresses while others get blocked. 3. Use honeypot detection tools Several sites and bots can analyze a contract and flag risks instantly: https://honeypot.is/bsc https://honeypot.is/base https://honeypot.is/ethereum https://detecthoneypot.com Telegram bot: @ttfbotbot Paste the token address, run a scan, and you’ll often get a clear answer. Watch for Dust Tokens And Stay Ahead Sometimes, the scam finds you. A random token appears in your wallet. You never bought it. It looks valuable. Don’t interact. That’s a trap. These are called dust tokens. If you try to trade or move them, you’re prompted to approve a malicious contract. Once you do, scammers can drain your wallet. Rule of thumb? Ignore unknown tokens. Never approve a transaction for a token you didn’t buy yourself. Stay Ahead of the Trap The honeypot scam plays on greed, but beats you with deception. Contracts are written to mislead. Volume is faked. Activity is staged. But every trap leaves clues. Use scanners. Read the contract. Watch the sell patterns. If something looks too smooth—dig deeper. Especially in low-cap tokens, where scammers prey most. A token going up doesn’t mean it’s going to let you sell. In crypto, the real gains come from knowing what not to touch. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
