π’ Breaking news: A new coin with a questionable name just went +10,000% in 24h! You're hesitating between selling your
grandmother to buy some or watching from afar with a "What's this BS now?" look.
Welcome to the wonderful world of shitcoins, these ultra-volatile cryptos that
can either make you rich overnight, or leave you broke faster than a rug pull on Solana.
A shitcoin is a crypto with no real project, no utility, but lots of hype. Basically:
β
A beautiful marketing promise.
β
A logo often inspired by a stupid meme (Dogecoin, Shiba Inu, PEPE Coin, etc.).
β
A community in shambles on X after each pump & dump.
β No serious use case (other than enriching its creators).
π Legendary example: SafeMoon, which promised insane returnsβ¦ before crashing like a paper airplane in the
rain. Result? An army of tearful investors, and developers mysteriously disappearing into thin
air.
But don't be mistaken, some shitcoins manage to mutate into semi-viable projects thanks to a solid community
and good marketing. (Hello Dogecoin, the perfect example of the joke that became a billionaire).
If shitcoins exist, it's because people put money into them (yes, it's logical). But why on earth would someone jump on a token with a skunk head and fish body? (yes I just made that up) ^^
πΉ The Lambo dream: "What if I found the next Dogecoin before it explodes?". Spoiler: You'll
more often end up with a bus ticket than a Lambo.
πΉ FOMO (Fear of Missing Out): Seeing guys become millionaires in 24h gives ideas. Except
usually, you arrive after the battle, when the train has left and only smoke remains.
πΉ The lottery effect: Buying a shitcoin is like scratching a $2 ticket. You know you have
99% chance of losing, but you do it anyway because the remaining 1% can make you very rich.
πΉ For fun: Yes, some buy $PEPE or $WIF just for laughs. After all, losing 20 bucks on a
meme is less painful than giving them to an underground parking in Paris.
If investing in a shitcoin makes you dream, you might as well know where you're stepping. Here are some classic traps to avoid:
β Rug pulls: Projects launched just to steal funds before disappearing. It's like buying a car,
but without wheels, without an engine, and with a seller who already blocked you on Telegram.
β Pump & dump: Whales pump the price, then sell everything, leaving small investors in
"Why did I believe in this?" mode.
β Lack of liquidity: You bought an unknown coin, butβ¦ impossible to resell it. You're officially
the sole owner of a fictional fortune.
β Absurd promises: "This project will revolutionize the world economy!" Translation: "We put a
funny dog on the site and hope you'll believe it."
π¨ Survival tip:
If some fail miserably, others have made history (and enriched a few lucky ones along the way).
π Dogecoin ($DOGE): Created in 2013 as a joke by Billy Markus and Jackson Palmer, Dogecoin
was supposed to be a Bitcoin troll. But thanks to a crazy community and Elon Musk's tweets, it became
a full-fledged crypto.
π Shiba Inu ($SHIB): Born in 2020 to compete with Dogecoin, it sells itself as "the Dogecoin
killer". Shiba Inu managed to create an ecosystem with its own DEX (ShibaSwap).
π SafeMoon: The perfect example of a classic shitcoin. Created in 2021, it promised
automatic rewards and massive burns⦠before crashing.
π PEPE Coin ($PEPE): Launched in 2023, this token relies solely on the famous Pepe the
Frog meme. Massive hype, but extreme volatility.
π Peanut ($PNUT): A shitcoin (meme) on Solana blockchain based on a famous squirrel
euthanized during the presidential campaign.
π Bober ($BOBER): Another shitcoin (meme) on
MultiversX blockchain based on a beaver.
π If you like risk and only put in what you can afford to lose, why not!
π If you're looking for a serious investment, move along and stick to fundamentals (BTC, ETHβ¦).
π’ Moral of the story:
Shitcoins are like a kebab with harissa sauce at 4am: it can be a great idea at the moment⦠but you
might bitterly regret it the next day on the toilet.π―π₯
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