The Honeypot Trap (Sale Restrictions)
The Honeypot Trap (Sale Restrictions)
The Honeypot Trap (Sale Restrictions): The defining feature of a honeypot is that you can buy the token, but you cannot sell it. The contract might include code that blacklists regular users from selling, imposes a 99% "sell tax," or requires a special whitelisted permission to transfer tokens out of your wallet.