Freeze authority

What is Freeze Authority in Memecoins?

When trading memecoins, understanding freeze authority is crucial. It might sound complicated, but here’s a simple explanation:

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Definition:

Freeze authority gives the creator of a token the ability to freeze any token account at any time.

This means the coin may appear active—others can buy and sell—but you might be blocked from moving or selling your tokens.

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How Does Freeze Authority Work?

Freeze authority lets the token creator restrict your ability to transfer or sell the token, effectively locking your funds and creating a “honey pot” where your assets are trapped.

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Example of Freeze Authority Abuse:

Some bad actors misuse this power by freezing user token accounts. Even though you still hold the tokens, you cannot sell or move them while they remain frozen.

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How to Avoid Getting Trapped by Frozen Tokens

• Check for Freeze Authority: Before purchasing a token, use tools like RugCheck to verify if freeze authority is enabled.

• Avoid Coins with Freeze Authority Enabled: If freeze authority is active, it means the creator can block you from selling your tokens. This is a major red flag—avoid buying such coins to protect your funds.

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Stay alert and always verify freeze authority status before trading with ARCHER!