Scamcoin

Scamcoin is an informal name for a cryptocurrency or token that exists mainly to defraud the people who buy it, rather than to support a real product. Common patterns include a rug pull, in which developers drain the trading pool and vanish, an exit scam after a token sale, and honeypot tokens whose contract lets buyers in but blocks them from selling. Many are promoted with paid influencer posts, fake partnerships and promises of guaranteed returns, then dumped by insiders once prices rise. The word overlaps with shitcoin, but a shitcoin may simply be worthless or poorly run, while a scamcoin implies intent to deceive. Warning signs include anonymous teams, unverified contract code, most of the supply held by a few wallets and pressure to buy quickly. Calling a project a scamcoin is an accusation, and only courts or regulators can establish fraud.