Common DEX traps: honeypots, bundled launches, and wash volume

You can buy, but you cannot sell

A honeypot lets buys through and bricks sells — via tax, blacklist, or a broken router path. The chart still prints green because buys are the only flow. If an audit flags honeypot or you cannot simulate a sell, you are not early. You are the demonstration.

The launch was never a market

Bundled launches and wash volume make a pool look organic. Ten wallets, one person. Volume spikes, price stairs up, Telegram says 'it's printing.' Then the bundle exits into whoever arrived from a trending list.

An observation window plus a holder-concentration check will not catch every bundle. They catch enough that 'I saw it on a feed' is not a thesis. If you cannot explain who is on the other side of your buy, skip it.

What Fail Closed will not do

We will not copy-trade a wallet because it is labeled. We will not fire a BUY because tracked wallets accumulated. Pro can show how many labeled wallets are still in a mint — that is a confirmation count, not a leaderboard. If those wallets fully exit a live gated BUY, you may see SELL NOW. That is an exit hint, not 'copy 0xABC.'