Irreverent memecoin inspired by World Liberty founder rallies 130% after Trump-connected crypto project’s endorsement
The SPSC memecoin surged over 143% after World Liberty, linked to the Trump family, endorsed the token inspired by its co-founder's past comments.Summary
The 'Sh*t P*ss Skin Can' (SPSC) memecoin, inspired by a controversial 2018 quote from World Liberty Financial co-founder Chase Herro about selling even "sh*t in a can" for $1 billion, experienced a significant rally. The token surged over 143% after World Liberty, a crypto project connected to the Trump family, announced on X that it would invest in SPSC. Herro reposted the announcement. Following the endorsement, SPSC rallied, ultimately settling up 130% on the day, trading around $0.0063 with a $6.8 million market cap. SPSC is a Solana-based memecoin launched in early November, and its community has positioned it within the World Liberty ecosystem, partly because its main trading pair is World Liberty’s USD1 stablecoin. Despite the announced intention to purchase tokens, Arkham data suggests World Liberty, whose treasury is valued over $7.4 billion, has not yet begun stockpiling SPSC.
(Source：The Block)