A Honeypot on bsc Is a Reminder to Check Tokens

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Summary

There was a honeypot on bsc today. I think it’s a good habit to check for honeypots when trading on Evm chains. A conventional honeypot can be disguised as a Four.meme token. The process is simple: Open either bot and check the token.

There was a honeypot on bsc today.

I think it’s a good habit to check for honeypots when trading on Evm chains.

A conventional honeypot can be disguised as a Four.meme token.

The process is simple:
@ttfbotbot
@HoneypotIsBot
Open either bot and check the token.

Many people entered the market during the Solana era, when honeypots were relatively rare, so I thought some might be vulnerable to them.

A honeypot is a token designed so that the dev can set the sell tax to 100% or make it so only they can sell. It was a common tactic when Evm DEXs were dominant.

For informational purposes only. Not financial advice. Invest at your own risk.

This material is for informational purposes and is not an investment recommendation. You are responsible for your own investment decisions.

Originally published on Funkyonchain's Telegram channel. Please attribute when citing. funkyonchain/2144