A strange token mysteriously appears in your wallet. Should you do anything about it?
Some scam tokens have trading restrictions built into their contracts: you can buy them, but you can’t sell them. The valuation shown in your wallet is often fake.
Some scam tokens impersonate mainstream tokens by using their names and icons. You can’t tell if they’re real just by looking at the name—you need to check the contract address.
The most important thing to remember when managing your holdings: don’t visit websites listed in a token’s name, and definitely don’t sign an approval just to try to sell it.
$ETH 2515.16 (-1.6%)
Some scam tokens have trading restrictions built into their contracts: you can buy them, but you can’t sell them. The valuation shown in your wallet is often fake.
Some scam tokens impersonate mainstream tokens by using their names and icons. You can’t tell if they’re real just by looking at the name—you need to check the contract address.
The most important thing to remember when managing your holdings: don’t visit websites listed in a token’s name, and definitely don’t sign an approval just to try to sell it.
$ETH 2515.16 (-1.6%)