What is a Honeypot in Crypto?

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A "honeypot" in crypto is a trap for unscrupulous investors.

Usually, it is a smart contract or a project in which you can invest money but cannot withdraw it. 

For example, people who love investing in shitcoins can easily fall into a honeypot. You can buy a shitcoin on a DEX when its price starts pumping; however, if it grows by 100x, you'll notice that you can't sell it, with the DEX indicating a "smart contract error."

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