The 27-second token issuance video posted by a user on Twitter quickly became viral with great interest from the community.
PEPE, which has become one of the most popular cryptocurrencies of the last period, was about to create a new trend. However, the fact that PEPE went viral soon spawned thousands of shitcoins in the crypto ecosystem. Thousands of cryptocurrencies, copies of PEPE, have emerged to steal investors’ assets. On the other hand, memecoins with different concepts that want to be included in the trend also saw millions of dollars of money inflows.
In the midst of all this time, a video posted by a Twitter user went viral. The user created and launched a shitcoin in 27 seconds.
It Takes 27 Seconds to Issue Shitcoin
It takes about 27 seconds for anyone to mine a shitcoin. A user on Twitter named whitelights.eth took a video to show people the true face of memecoins. In this video, he mined a shitcoin in 27 seconds and gave some descriptive information about the environment. The crypto community, who watched the video, was quite surprised that a token was issued in such a short time.
The tokens created thanks to a program called Contract Wizard can be placed on the Ethereum network with a few quick cursor clicks. This can lead to fraud and rug pull theft.
memecoin deploy% speedrun 27s ⏱️ pic.twitter.com/OYaXGb5ITR
— whitelights.eth ⌖ (🦇🔊) (@iamwhitelights) May 5, 2023
Especially in the process that started with PEPE, thousands of new memecoins were launched. Crypto investors have lost their presence in these projects due to the hope that it will be the new PEPE. The only precaution for these rug pull tokens, called Shitcoin, will be to conduct detailed research.
