{"slug":"honeypot","term":"Honeypot","category":"Whales & On-Chain","definition":"A honeypot is a token whose contract lets you buy but not sell — a hidden transfer restriction, a sell tax of 100%, or a blacklist that triggers on any wallet that is not the deployer's. The chart shows only buys, so it looks like relentless demand. Simulating a sell before buying is the only defence.","street":"The chart goes up and up because nobody can sell. It is not a pump, it is a trap with a door that only opens inward.","depth":["Contract-level honeypots come in flavours: a transfer function that reverts unless the sender is whitelisted, a tax variable the owner can set to 100% after launch, a maximum-transaction limit set to zero for everyone but the deployer, or a hidden mint that lets the deployer dilute at will. Scanners simulate a buy and a sell against the contract to catch most of these; a token that fails the simulated sell is not a token. On Solana the equivalents are freeze and mint authorities left in the deployer's hands.","In the data, honeypots show as a buy/sell ratio near infinity with a suspiciously smooth chart and no sells on the tape. Our meme tape's buys-versus-sells column is the first place to look: forty buys and zero sells in an hour on a token with real volume is not strength."],"live":{"label":"Meme tape: buyers against sellers on every launch (free sign-in)","href":"/meme"},"related":["rug-pull","liquidity-pool","dev-wallet","sniper-bot"]}