oh no, farcaster sent a notification about a fake token

Building an AI x SocialFi app @reachbot /getreach | Open-source human-readable EVM data https://github.com/3loop/loop-decoder

what's the context here?

aren't all shitcoins essentially fake xD

That’s a philosophical question😃

It was another fake launch for a project without a token. Some shitcoins just exploit an existing brand that’s associated with trusted people, like in this case, and use it to scam traders

oh so there was a project click but without a token.

And this one pretended to be their token.

But how they got trending? they created fake socials or just sent fake $click to random FC users or did some other exploit for those notifications

Yep, but everything even much simpler. They create a new acc, launch a clanker. Some traders monitor all new clanker launches and try to snipe them immediately. Others see a familiar project name+logo, assume it finally launched a token, and buy in quickly without research. Then it turns into a snowball effect