Honeypots and ponzi schemes could be deceptive. They are serious threat in the crypto space, and investors should be vigilant when evaluating new projects and smart contracts so as to avoid losing money unnecessarily.
Well honeypot can be identified via tools. If you heard of defiapp they have a free product that let you scanned the smart contract deployed and see the harmful on the smart contract including if the tokens had a honeypot function or can mint via smart contract.
Id use this to avoid some of those memecoin with honeypot features.