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Fishermanbro, Hype or Potential Bust?
DeFi is a fast moving space, we can all agree. But when something pops up and is being shilled within hours of the smart contract creation, you've gotta wonder about who is behind it.
Fishermanbro came up on my feed a little over two hours ago and looked to be something that was interesting enough to warrant a view.
After doing a little more digging, I found that this was triggering a few too many red flags for me. I must admit, I did giggle when I learned that the token is called Catfish with the ticker FISH. Hmmm... Are they telling us something there?
In this video, we will take a closer look at the activity on the FTM Explorer associated with this smart contract and website.
The token contract address is here:
The transaction hash for the creation of the contract is here:
DeFi can be risky, particularly when there is little known about the Devs, and virtually no transparency.
Some basic research into the Domain Registration (
) suggests that this is not intended to be a long term thing either.
This content is shared in the interests of helping those who may not know how to identify potential points of concern, and conduct their own research to satisfy their own needs.
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Disclaimer: Please be advised that unTLDR owns a diverse portfolio of cryptocurrency assets, and anything written or discussed in connection to crypto, regardless of the subject matter’s content, may represent a potential conflict of interest. I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing that unTLDR writes or discusses anywhere should be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax or similar advice. Nothing should be interpreted as a solicitation to invest in anything, and nothing herein should be construed as a recommendation to engage in any investment strategy or transaction. Please be advised that is in your own best interests to consult with investment, legal, tax or similar professionals regarding any specific situations and any prospective transaction decisions.
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