It looks like a pump… Yet no selling? How does anyone make money off of it? Why is nobody cashing out?
3 thoughts on “I know this might not be the place, but does anyone understand what’s going on here?”
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It looks like a pump… Yet no selling? How does anyone make money off of it? Why is nobody cashing out?
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Looks like the same wallets pumping it trying to get others to buy in then they’ll rug it. Or it could be a squid game situation and they can’t sell
That’s a classic honeypot. Even if you did see sells, they may be specific addresses enabled in the contract to trick early chart watchers. Always run token contracts through contract checkers.
For future reference – Always utilize the useful auditing tools that are free to use like Token Sniffer and De.Fi
You paste the contract address into these and it’ll give you a nice run down on the contract. What the functions do, what functions are included and if there are any apparent obvious risks with it.