If a token is labeled as a “honeypot,” it means that the token is essentially a trap set up to catch malicious actors. In this context, the token may appear to be a legitimate investment opportunity, but it is actually designed to be non-transferable or non-sellable, trapping the funds of anyone who buys in. The term is often used to warn potential investors that the token is not what it appears to be and is a scam to be avoided. Use the tool below to check if a token is a honeypot.