#BNBATH880 . The currencies that can be bought but cannot be sold are often called Honey Pot Tokens, and they are one of the most common fraud methods in new cryptocurrencies.
What are Honey Pot Tokens?
They are a currency whose developers program the smart contract to allow you to buy only.
When you try to sell → the transaction always fails.
Result: You remain trapped in the currency while the developers sell their shares and take the liquidity.
⚙️ How are these currencies created?
Modifying the code in the smart contract to prevent the sell function.
Or they add a 100% selling tax so you get nothing upon selling.
Or they make selling only allowed for certain addresses (those belonging to the developers).
🕵️♂️ How to detect them before you fall into the trap?
Try buying a very small amount (e.g., $1) and try to sell it. If it doesn't work → it's a risk.
Use contract checking sites such as:
Token Sniffer
StaySafu
Watch if someone else is successfully selling (check transactions on DEXTools or BscScan).
🚨 Clear signs that the currency "is not sold"
The entire trading volume is buy only with no sales.
Selling tax ratio = 100% (sometimes mentioned in the contract).
The contract is unverified → you cannot see the code.
Liquidity is not locked → it can be withdrawn at any moment.
In short:
A currency that cannot be sold = a 99% fraudulent currency, and its only goal is to trap investors' money.