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Tokens with malicious contracts, honeypot transfer logic, or anonymous teams that pull liquidity. Flagged by on-chain analysts and the GACS community.
34 active reports
Updated continuously
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Red flags
Contract has mint / pause / blacklist / fee functions controlled by a single wallet.
Liquidity is unlocked or unlocks soon — deployer can remove it any second.
You can buy the token but on-chain simulation says you can't sell (honeypot).
Top 10 holders own >50% of supply, mostly from the deployer wallet.
Anonymous team, brand-new socials, and 'viral' shilling from new Twitter accounts.
How to protect yourself
Simulate a sell in a wallet tool (Rabby / Honeypot.is) before buying.
Check holder concentration on the relevant chain explorer.
Avoid tokens whose only marketing is influencer paid posts and Telegram pumps.
Run the token symbol + contract through GACS Wallet Checker before swapping.
Rug pulls and honeypots are the on-chain equivalent of a fake broker — except instead of a fake dashboard, the trap is encoded directly into the token's smart contract. Once you buy, you own a token you can never sell, or whose price collapses the moment the deployer removes liquidity.
Most rugs are not exotic. They use boilerplate ERC-20 templates with a handful of extra functions: a mint, a pause, a blacklist, or a sell tax controlled by a single wallet. Reading the contract for thirty seconds is enough to spot them — but most buyers never look.
By the numbers
GACS Wallet Checker flagged 14,200 honeypot or rug contracts in the last 30 days alone, across Ethereum, BSC, Base, and Solana.
How rug-pull and honeypot contracts work
A 'soft rug' lets you buy and sell freely, but the deployer holds a majority of supply and removes liquidity from the pool the moment volume picks up. Price drops to zero in a single block.
A 'honeypot' modifies the transfer function so that only whitelisted wallets can sell. You buy, you see the balance, but the sell transaction reverts every time. The deployer is the only seller, and they sell into your liquidity.
A 'tax rug' lets you buy and sell, but the sell tax is a variable controlled by the deployer wallet. The tax starts at 5%, the chart pumps, and the moment buyers are stuck the tax is set to 99%. Same outcome — you cannot exit at a non-zero price.
What to do if you bought a rug or honeypot
Stop adding to the position. Don't average down — there is no bottom on a contract whose deployer controls the price.
Revoke the token's spending allowance on the wallet that bought it. Some rugs leave open approvals that let the deployer drain other tokens later.
Submit the contract address to GACS so the next person who pastes that ticker into the Wallet Checker sees an immediate warning.
Why GACS is the fastest free check
GACS Wallet Checker decodes the contract bytecode and flags mint, pause, blacklist, tax, and honeypot logic in plain English — alongside the holder concentration and liquidity lock status. One paste, no signup, four seconds.
Frequently asked questions
What is a rug pull in crypto?+
A rug pull is when a token's team removes the liquidity backing the token, causing the price to collapse to near zero. It can be 'soft' (slowly draining funds) or 'hard' (yanking liquidity in a single transaction). Either way, holders are left with a worthless token.
What is a honeypot token?+
A honeypot is a token whose smart contract is written so that only certain wallets can sell. Buyers see their balance go up but their sell transaction fails every time. The only seller is the deployer, who exits into trapped buyers' liquidity.
How can I check if a token is a honeypot before buying?+
Run the contract address through GACS Wallet Checker, Honeypot.is, or simulate a sell in Rabby Wallet before approving. Any of them will tell you within seconds whether the transfer function blocks sells.
Why are most rugs on BSC, Base, and Solana?+
Deployment fees on those chains are cheap (under $5 in many cases), so attackers can spawn dozens of tokens per day. Ethereum mainnet is more expensive, so rugs there tend to be bigger, more elaborate, and longer-running.