What is a honeypot token?
A honeypot token is a malicious ERC20 that, once listed as part of a pair on Pancakeswap/Uniswap etc. (usually with BNB/ETH etc.), can be traded in exchange for BNB/ETH etc., but can’t be traded back. In other words, an unlucky trader that buys this token will now be stuck with it, unable to cash out.