Solana trading glossary
What is a honeypot token?
Also called: Honeypot scam, Can't sell token
A token that lets you buy but stops you selling, or takes most of the sale in fees, so the price chart only goes up until the trap closes.
The idea is borrowed from EVM chains, where a contract can include code that blocks sells from anyone but the owner. Standard Solana tokens cannot run custom code when they are transferred (Token-2022's transfer hook is the exception), so honeypots here usually rely on built-in token features instead.
The common tools are a live freeze authority, which lets the issuer freeze your token account after you buy, and Token-2022 extensions such as a very high transfer fee or a permanent delegate that can move tokens out of your wallet. Because nobody can sell, the chart shows only buys, which makes the token look stronger than it is.
Why it matters before you trade
A honeypot turns a normal trade into a total loss, and you usually find out only when you try to sell. The warning signs are on the token itself, so check them before the first buy, not after.
How NAVI shows it
The rug check on every token page shows whether freeze authority is still enabled and marks it as a failed check when it is. Named risks from the token's RugCheck report are listed under the checks with an explanation, including Token-2022 settings that let the issuer control holders' tokens when RugCheck reports them.
Related terms
- Freeze authorityThe account allowed to freeze any holder's token account, which stops that wallet from selling or moving the token until it is thawed.
- Token-2022 extensionsOptional features of Solana's newer token program. Some, such as transfer fees and a permanent delegate, give the issuer ongoing control over holders' tokens.
- Rug pullWhen the people behind a token remove its value, by pulling liquidity, printing supply or dumping a large hidden stake, and leave holders unable to sell at a fair price.
Last reviewed 2026-09-25. NAVI is informational only and nothing here is financial advice.