Step-by-Step Guide

TokenSniffer is a free tool that analyzes crypto token contracts to detect scams like rug pulls, honeypots, and hidden taxes. Here’s how to use it like a pro, spot red flags, and protect your money—whether you’re on Ethereum, BSC, or Solana.

Step 1: Access TokenSniffer

1. Go to TokenSniffer.com.
2. Search for a token by:
   • Contract address (most accurate).
   • Token name (e.g., “PepeCoin”).
   • Ticker symbol (e.g., “PEPE”).

Step 2: Analyze the Audit Report

TokenSniffer grades tokens on a 0–100 scale. Focus on these sections:

1. Audit Score

• Green (80–100): Likely safe.
• Yellow (50–79): Moderate risk.
• Red (0–49): High risk of scams.

2. Contract Analysis

• Red Flags:
  • Mint Function: Lets devs create unlimited tokens.
  • Blacklist: Can block you from selling.
  • High Taxes (>10% on buys/sells).

3. Holder Distribution

• Danger Signs:
  • Top 10 wallets own >50% of supply.
  • Many wallets with identical token amounts (indicative of bundles).

4. Liquidity Check

• Locked Liquidity? If “Unlocked,” devs can drain funds instantly.
• Renounced Contract? “Yes” means devs can’t alter the contract (good).

5. Recent Transactions

• Look for large sells from dev wallets or bot-like microtransactions.

Step 3: Cross-Check with Other Tools

TokenSniffer isn’t foolproof. Verify using:

• Bubblemaps: Maps wallet clusters (bubblemaps.io).
• Honeypot.is: Tests if you can sell (honeypot.is).
• DexScreener: Tracks real-time volume (dexscreener.com).

Step 4: Practical Example

Token: Telon Dusk $tusk

• Audit Score: 75/100 (Green).
• Contract Analysis: No mint, 0% tax.
• Holders: Top 10 wallets hold 20%.
• Liquidity: Burned.

Verdict: Low risk.

Limitations of TokenSniffer

• No Solana Support: Join My Community We Have Scanners
• False Positives: Some legit tokens have low scores due to complex code.