At first, I thought knowing how to read candlestick charts was all I needed. Later, I realized the basics are the first lesson.
Today's topic: Rug Pulls
A “honeypot” refers to a contract with restrictions that let you buy but not sell, or that charge an extremely high tax when you sell.
Try buying and selling a very small amount first. Being able to sell normally is only an initial check and doesn't completely eliminate the risk.
The official website for $PEPE states that the LP has been burned and ownership of the contract has been renounced. These two points are often used to assess rug-pull risk.
Today's topic: Rug Pulls
A “honeypot” refers to a contract with restrictions that let you buy but not sell, or that charge an extremely high tax when you sell.
Try buying and selling a very small amount first. Being able to sell normally is only an initial check and doesn't completely eliminate the risk.
The official website for $PEPE states that the LP has been burned and ownership of the contract has been renounced. These two points are often used to assess rug-pull risk.