$CATE

What I checked

• ProblemOne person wearing many masks
  2 wallets that were all funded from the same place hold 65.2% between them, one person pretending to be a crowd.
• ProblemA few wallets control most of what is tradable
  Once you set the trading pool aside, the top holders control 76.1% of what people can actually trade, enough to move the price whenever they want.
• WatchThe pool is held by an unchecked contract
  100% of the pool sits in a contract no one has verified, so we can’t confirm the money is really locked away.
• WatchVery little money in the pool
  Only $192.3 sits in the pool, so a small sell could crater the price.
• NoteThis looks like the creator’s first coin
  This looks like the first coin from the wallet that made it, so there’s no past track record to judge, good or bad.

Could not check: whether a simulated sale actually goes through, so you could be sure you can get your money out · whether the team can still print new coins or freeze wallets · whether a group grabbed a big chunk in the same instant the coin launched · whether the coin’s creator is already quietly selling their own coins · whether money that is locked up rather than burned has a real timer, or could unlock at any moment