Pour 1 cup cold water into the inner pot for a 3- or 6-quart Instant Pot, or 1½ cups for an 8-quart; place a steamer rack or basket inside.
If using whole wings, separate into drumettes and flats and discard tips; pat wings dry with paper towels.
Place the wings in a large bowl, sprinkle with 1/2 tablespoon seasoned salt, and toss to coat evenly.
Arrange the seasoned wings on the rack or in the basket (they may overlap) and secure the lid, sealing the vent.
For fresh or fully thawed wings, cook on high pressure for 10 minutes; for frozen wings, cook on high pressure for 15 minutes.
Allow the pressure to release naturally for at least 10 minutes, then carefully remove the lid and transfer the wings to a clean bowl.
Whisk together 1 cup hot sauce, 1 tablespoon honey, 1 teaspoon garlic powder, and 2 tablespoons melted unsalted butter in a small bowl to make the sauce.
Add 1/2 cup of the prepared sauce to the wings and gently toss to coat.
Line a baking sheet or broiler pan with foil, arrange the wings in a single layer, and broil on high for 2–3 minutes per side until the skin is golden and crispy.
Brush wings with additional sauce if desired and serve immediately.