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Home/Glossary/Honeypot token
Wallets & security

Honeypot token

Also called: honeypot

In shortA token whose contract lets you buy but blocks you from selling.

The chart only goes up because nobody can sell, which attracts more buyers. Token-checking tools can flag many honeypots before you buy.

← HODLAll terms A–ZHot wallet →

Related terms

  • Rug pullWhen a project's creators suddenly take the investors' money and disappear.
  • MemecoinA token based on a joke, animal or internet trend, with value driven almost entirely by community and attention.
  • Smart contractA program stored on a blockchain that runs exactly as written when someone calls it.

More in Wallets & security

  • Account abstraction (smart wallet)
  • Address poisoning
  • Cold wallet
  • Crypto wallet
  • Custodial wallet
  • Exit scam
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