I just got my beeper! @beeper is coming soon on base
- 0 replies
- 0 recasts
- 0 reactions
gm base app
- 0 replies
- 0 recasts
- 0 reactions
Echo fell into a honeypot then fucked the scammers back A wild story about panic, DeFi mechanics, and a trick that worked because Base has insanely cheap gas. Thank you, @base.base.eth Scene: Token launch hype. Chat locked. Everyone waiting for the contract address. Snipers hunting for “the real token”. Scammers dropping perfect clones with identical names and supply. Pure tension. While the whole chat is frozen, scammers bombard DMs pretending to be the team. In that atmosphere, one wrong click lead to disaster. Echo slipped in DMs. Scammer got him in DM. He bought the wrong contract - a textbook honeypot. It happens. Even to veterans. He quickly realizes: he can buy the token… but he can’t sell it. That’s where most people panic. Echo didn’t. He knew there was one last angle to try - if the contract wasn’t fully malicious. He checks the code on Basescan. Verified. No hidden transfer traps. No shady allowance rewrites. Just a simple “no selling allowed” setup. That detail changed everything. Because it meant someone (scammers) could still buy from him. Here’s the exact move that saved him: ❗️Echo created a one-sided liquidity pool using the scam token + ETH. He set the price slightly above current market levels. This turns “unsellable” bags into LP position - and lets scammers that push token to buy directly out of his liquidity. That’s the whole trick. Practice. He gathers the remaining ETH + trapped tokens, starts adding liquidity… First attempt fails - miscounted zeros. He pulls liquidity and tries again. This could’ve been costly on Mainnet. But Base? Gas is dirt cheap. Fixing mistakes doesn’t punish you. New LP set. Now the waiting game. Trading slows. Scammers stop pushing the chart. The pool sits quietly. After 10 minutes - scammer did last buys and takes scam token right out of Echo’s range. Exactly what he needed. The scammer gets the worthless tokens. Echo gets the ETH. He instantly removes his position, withdraws the ETH, revokes all allowances. Escape complete. And yes - thanks to cheap Base gas, he ends up slightly profit-positive. This trick won’t save you from every type of scam. But for honeypots where selling is blocked while ERC-20 transfers still behave normally - a one-sided LP can be your emergency exit. Key takeaways: • Always confirm contract addresses through official sources • Use burner wallets for launch chaos And the alpha: If you’re stuck in a sell-locked honeypot, create a one-sided LP in ETH and let scammers buy you out.
- 0 replies
- 0 recasts
- 0 reactions