Honeypot: you can buy, you can't sell
A token whose code blocks selling or taxes it at close to 100%. Money goes in but cannot come out.
Why it matters
A honeypot looks like a normal rising token: buys go through and the chart climbs. The problem only shows up when you try to sell — and by then it is too late.
What it looks like in practice
Typical mechanisms in EVM contracts: a function that turns trading on and off; a sell tax the owner can raise to 100%; a blacklist buyers are added to automatically; a cap on sell amounts. Searching for these functions by name is unreliable — code can be named anything.
How QUVR Pulse checks it
QUVR Pulse does not rely on function names: it checks the bytecode, runs read-only probes as the owner and simulates a buy and a sell without sending transactions. When simulation is impossible, the report says “Sell simulation unavailable”.
FAQ
Are there honeypots on Solana?
Less often than on EVM, but yes: via freeze authority, the transfer hook extension or a permanent delegate on Token-2022. pump.fun tokens do not have these.