In the rapidly evolving world of decentralized finance (DeFi) and token launches, a “honeypot” is one of the most insidious scams you can encounter. At first glance, a honeypot token appears attractive: it lets you buy in easily, and price charts may even show healthy volumes. But once you invest, you quickly discover that selling your tokens is impossible—your funds are trapped forever. This article breaks down how honeypot scams work, the warning signs to watch for, and how to use online scanners like Honeypot.is to protect your capital.
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