Common Red Flags
Before ever interacting with a new token, vet it for these tell‑tale signs:
No Community or Audit: Lack of an active Telegram/Discord or absence of an independent audit report increases risk.
No Sell Tax Details: While some tokens charge fees on transactions, legitimate projects clearly state sell taxes; honeypots hide them in code.
Unverified Contract: If the source code on Etherscan (or BscScan, SolScan, etc.) isn’t verified or is obfuscated, treat it as suspicious.
Locked Ownership: Scammers may renounce ownership—but renouncing without proper audit can still leave malicious functions intact.
High Dev Wallet Share: If the deployer wallet holds an outsized percentage of supply, it can trigger a honeypot mechanism at will.
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