Freeze Authority
Last updated
Last updated
When sniping memetokens, understanding freeze authority is crucial. Although it can be a complex topic, here's a straightforward explanation:
Definition of Freeze Authority
Freeze authority means that the creator of a particular coin has the ability to freeze any token at any time. This can give the impression that the coin is still active because others are buying and selling, but you might be unable to trade.
How Does it Work?
Freeze authority enables the coin's creator to prevent you from moving or selling the token. This can essentially trap your funds and create a 'honey pot' where your money is stuck.
How do you prevent Freeze Authority? Here are a few ways:
You can use the "Freeze Authority Disabled" filter to not see tokens with freeze authority.
When sniping, check for the "✅" against the "FAD" section. This means that the token has Freeze Authority disabled - meaning the token creator cannot freeze the token.
Use the features on Autosnipe and stay safe when sniping. Read more about Freeze Authority here: https://x.com/autosnipeai/status/1797912086179164308
