The money in the pool was drained overnight. Can the tokens you hold still be sold?
A “honeypot” refers to a contract with restrictions that allow you to buy but not sell, or impose an extremely high tax when you sell.
Before trading newly launched Meme coins, check whether the contract allows new tokens to be minted and whether the LP is locked or burned.
$PEPE 's website claims that the LP has been burned and ownership of the contract has been renounced. These two points are often checked when assessing rug pull risk.
If you understand, leave a comment. If not, ask away in the comments.
#PEPE
A “honeypot” refers to a contract with restrictions that allow you to buy but not sell, or impose an extremely high tax when you sell.
Before trading newly launched Meme coins, check whether the contract allows new tokens to be minted and whether the LP is locked or burned.
$PEPE 's website claims that the LP has been burned and ownership of the contract has been renounced. These two points are often checked when assessing rug pull risk.
If you understand, leave a comment. If not, ask away in the comments.
#PEPE
