Congratulations on winning the Fishing Frenzy Daily Challenge! With this hat on, there's a 5% chance to not use up your bait when you fish (I mean, there's a bunch of extra bait right there on the hat!).
Fishing Hat price in Growtopia: sells for about 60 BGL, buyers pay about 45 BGL (median of 303 offers from community Discords, past 30 days). Live price chart and the latest buy and sell offers.