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What is Shitcoin (SHIT)?
Shitcoin is actually the direct translation of shitcoin, the most down-to-earth slang in the crypto world, referring to cryptocurrencies that have no real value and survive purely on speculation and luck.
In simple terms, it means garbage coin. Most of the early shitcoins were derivatives of Bitcoin or Dogecoin, and the more absurd and humorous the name, the easier it is to become popular.
For example, when the Dogecoin dog meme became popular, someone created Shiba Inu Coin (SHIB), and as a result, SHIB has a strong homophonic connection, so it was directly called Shitcoin domestically. Later, many people simply used SHIT as the token name, playing with self-deprecation and contrast cuteness.
These coins usually have no team, no white paper, and no practical use, relying on social media hype, KOL endorsements, and retail investors' FOMO (fear of missing out) in waves. There are especially many on the Solana chain because the cost of issuing coins is low, and the speed is fast, with thousands produced in a day. Some people become rich overnight, while others turn to dust in a second.
Essentially, a shitcoin is the lottery of the crypto world; what you're buying is not technology, but a bet that others are dumber and greedier than you. If you can afford to play, treat it as entertainment; if you can't, consider it tuition fees.
$SHIB
{spot}(SHIBUSDT)