Honeypot

A malicious token smart contract designed to allow users to buy but prevent them from selling. The contract's code contains hidden restrictions — such as a blacklist that blocks all addresses except the deployer from selling, an extremely high sell tax (99-100%), or a function that pauses selling after a set period — that trap buyers' funds. Honeypots are a common scam on decentralized exchanges and can be identified using contract analysis tools like Token Sniffer, GoPlus Security, or Honeypot.is before purchasing.