Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Check honeypot scam tokens
by
albon
on 27/08/2024, 21:43:48 UTC
⭐ Merited by BlackBoss_ (1)
Scams never stop and with time, there are more guides on how to spot Honey pot scam tokens. These guides can help with additional information for what I tried to share in OP.[...]
Honeypot tokens have spread widely in recent years, especially in the Solana market, with the rising hype around meme coins. The developers of these scam coins are rushing to deceive investors with the imaginary high profits from their investments by promoting these coins, most of which are new projects on a large scale and are listed on Dexscreener, Birdeye, etc. Suppose the investor does not conduct his research and analyze the token contract and liquidity (locked), the number of holders, and so on and use the Honeypot Checker Tools and review the project in all its aspects. In that case, he will inevitably lose his capital in tokens he cannot sell.

It is good that you have updated the topic now and added these valuable sources and some useful tools.