Security · 2h ago
Automate honeypot token detection with open-source tools
A developer shares a checklist to detect honeypot tokens—scams that let you buy but not sell—using on-chain simulations and security APIs. The article introduces RugLens, a Telegram bot that automates checks like sell simulation, owner powers, and holder concentration. The bot is open-source and free for up to five checks daily.
Meridian48 take
The tool is useful for crypto traders, but the article rightly notes that no automated check can prevent a dev from simply dumping tokens on you.
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How to spot a honeypot token before you buy (and automate the whole checklist) →
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