Mr. Pancake (Chinese: 煎饼先生) is a newly surfaced meme token on BNB Chain. Despite the name, it is not affiliated with the PancakeSwap decentralized exchange or its native token, CAKE (address starts with 0x0e09...). Early signals suggest extremely high risk, including a “honeypot” warning and very low liquidity.

Quick facts

• Token address: 0x82d3a1c3374eb34d09010d9ab2abb79e12f54444
• Chain: BNB Smart Chain (BSC)
• Discovery: Listed on trackers like DEX Screener, showing sharp moves soon after creation
• No verified website, whitepaper, or credible social channels found

Why the “honeypot” flag matters

A honeypot scam is a smart contract designed to let people buy the token but block or heavily penalize selling, effectively trapping funds. Security tools have flagged Mr. Pancake as a potential honeypot. If true, even testing a small sell may fail or incur extreme costs. This is a critical red flag that warrants avoiding the token altogether.

Liquidity is extremely low

Very little liquidity means:

• Big price swings from small orders
• Difficulty entering or exiting positions without severe slippage
• Increased susceptibility to manipulation

Freshly created trading pairs with shallow liquidity are common in speculative or malicious launches.

Not PancakeSwap’s CAKE

Given the name similarity, it’s easy to confuse Mr. Pancake (煎饼先生) with the reputable DEX PancakeSwap and its CAKE token. They are unrelated. CAKE is a long-standing token with transparent documentation and community presence; Mr. Pancake lacks these basics.

Tokenomics and transparency

No reliable data on total supply, distribution, taxes, or roadmap was identified. The absence of clear tokenomics and a public team is typical of short-lived, speculative, or fraudulent tokens.

Practical risk checklist

Before you even consider interacting with tokens like Mr. Pancake:

• Use BscScan to review the contract, holders, and recent transactions.
• Verify whether sells are possible by testing with a tiny amount (if you proceed at all).
• Watch for excessive taxes, transfer restrictions, or blacklist functions in the contract.
• Assess liquidity depth and lock status; unlocked liquidity can vanish instantly.
• Treat it as a pure speculation play, likely with no utility—only hype.

Where people explore or trade

Most BSC meme tokens are discovered via trackers and often traded through DEXs like PancakeSwap. If you research this token, consider using analytical platforms that include security checks. For a consolidated view of performance, risk signals, and trading access, you can also reference GMGN.AI’s token page: https://gmgn.ai/bsc/token/fV1R5sZ5_0x82d3a1c3374eb34d09010d9ab2abb79e12f54444

Note: Given the honeypot warning and low liquidity, trading may be impossible or extremely risky. Proceed only if you fully accept the potential for total loss.

Bottom line

Mr. Pancake (煎饼先生) on BNB Chain shows multiple red flags: honeypot risk, minimal liquidity, no credible information, and a name that could mislead newcomers. For blockchain practitioners and meme-token enthusiasts, this is a textbook case for extreme caution. Unless transparent updates emerge (audits, liquidity locks, verifiable team, and functioning sells), avoiding interaction is the safest choice.