Home Download About Roadmap Tokenomics Use Case Web3

What is a honeypot scam?

August 14th, 2025, 9:14 am
A honeypot scam in crypto is a type of malicious smart contract or token trap where

You can buy the token, but


  1. You can’t sell it (or can only sell under specific, unfavorable conditions).
  2. It’s like a jar of honey — looks sweet, but once you stick your hand in, you can’t pull it back out. 🐝🍯


🔍 How it works


1. Scammer deploys a token with hidden restrictions in the smart contract.


2. They market it heavily — hyped promises, fake influencers, community FOMO.


3. People buy in, thinking they’ll sell later for profit.


4. When victims try to sell:


  1. The transaction fails (sell function blocked).
  2. Or the fees are so high (e.g., 99%) that they get almost nothing back.


5. The scammer eventually sells their own unlocked tokens into the trapped liquidity, draining all value.


⚠️ Common contract tricks


  1. Hardcoded “only owner can sell” restrictions.
  2. Max sell amount set to 0 for non-owner wallets.
  3. Extremely high sell taxes.
  4. Disabling the transferFrom or swapExactTokensForETH functions for most users.


🛡 How to avoid honeypots


  1. Use a honeypot checker (e.g., Honeypot.is, TokenSniffer).
  2. Test with a small sell right after buying.
  3. Read the contract for suspicious modifiers like onlyOwner or hidden require statements.
  4. Avoid new tokens with no audits and massive hype but no utility.