Adopting cannibalism substantially affects individual fitness, and recognizing the presence of other cannibals provides additional benefits such as the opportunity to prepare for hunting or defense. This recognition can be facilitated by perceiving conspecific chemical cues. Their role in cannibalistic interactions is less studied than in interspecific predation and it is unclear whether these cues inform individuals of danger or of food availability. Interpretation of these cues is crucial to balance the costs and benefits of anti-predator and feeding strategies, which can directly influence individual fitness. In this study we aimed to test whether damselfly larvae shift towards bolder and more exploratory (cannibalistic) behavior, or become more careful to avoid potential cannibals (as prey) in response to such cues. We conducted behavioral and respiratory experiments with Ischnura elegans larvae to investigate their response to chemical cues from older and larger conspecific larvae. We found that I. elegans larvae decrease their activity and shift their respiratory-related behavior, indicating activation of anti-predator defense mechanisms in response to conspecific chemical cues. Our findings indicate that individuals exposed to conspecific chemical cues balance catching prey with staying safe.