Cryptocurrency Investors Warned About BONKKILLER Honeypot Scam
Cryptocurrency investors are facing risks as they pour funds into the suspected Solana meme coin, BONKKILLER, despite clear warnings about potential withdrawal limitations.
Details of the BONKKILLER Honeypot Scam
- BONKKILLER’s market cap surged to $328 trillion through a manipulative tactic of freezing token holders’ accounts, preventing sales.
- 90% of BONKKILLER tokens are held by its creator, leading to investors being unable to move their assets due to a freeze authority.
Prevalence of Honeypot Scams in Meme Coins
Unfortunately, BONKKILLER adds to the list of meme coin rug pulls and honeypot scams targeting novice traders. Many meme coins exhibit scam-like characteristics, with a significant percentage having vulnerabilities.
Instances like BONKKILLER highlight the importance of thorough research and utilizing tools to detect potential scams before investing in Solana meme coins or similar projects.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
