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Honeypot

A malicious smart contract that allows users to buy a token but blocks them from selling. Victims can only watch the token price rise while being unable to realize any value. Honeypots are a common form of token scam.

Mike Starr

Founder, CryptoWizardTools · M.S. Organizational Management

Last reviewed: August 2026

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What Is a Rug Pull?

Related Terms

Rug Pull

A type of crypto scam where developers abandon a project after raising funds, withdrawing all liquidity and leaving investors with worthless tokens.

Smart Contract Audit

A security review of a smart contract by an independent firm that checks for bugs, vulnerabilities, and exploitable logic. Audits reduce but do not eliminate risk — they are a signal of due diligence, not a guarantee of safety.

Liquidity

The ease with which an asset can be bought or sold without significantly affecting its price. Higher liquidity means tighter spreads and more efficient trading.

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