Imagine turning a $27 lunch into $67 MILLION... and being legally forbidden from touching a single cent.
This isn't a "what if"—it's a reality for one of the most famous "snipers" in $PEPE history. While the PEPE contract is now renounced (safe from new changes), a single line of code written at birth created a Digital Prison that still holds millions of dollars captive today.
🛠️ The Anatomy of a "Soft Rug"
The Blacklist Power: Many meme coins launch with a blacklistAddress function. It’s often marketed as "anti-bot" protection, but it’s a double-edged sword.
The "God Mode" Switch: In the early hours of PEPE, the dev triggered this switch on a wallet holding trillions of tokens.
The Result: No sells. No transfers. Just a "trophy wallet" that everyone can see on Etherscan, but nobody can use.
⚠️ 3 Red Flags to Check BEFORE You Ape
If you’re hunting for the next 1000x on Binance or DEXs, scan the contract for these "Owner Privileges":
_isBlacklisted: Can they freeze your specific wallet?
mint functions: Can they dilute your holdings to zero?
High "Buy/Sell Tax" switches: Can they change the tax to 99% when you try to exit?
"In the Wild West of Memes, your private keys give you access, but the Smart Contract gives you permission. If the contract isn't renounced, you're just a guest in the dev's house."
💬 THE DEBATE:
Was the PEPE dev right to freeze a bot that sniped the launch, or is "Centralized Control" the ultimate sin of crypto?
Drop your thoughts below! 👇
#PEPE #CryptoSafety #MemeCoins #Altcoins #Market_Update #viralpost #Write2Earn #TrendingTopic #SmartContracts $PEPE
