2026-01-14 20:20:31

Do you still remember the crazy moment in 2021? A Shiba Inu-themed token that could be bought with a few meals' worth of money to exchange for a house. At that time, the chat groups were full of screenshots showing profits, some shouting to remove six zeros, others going all-in overnight. Looking back now, does that fiery passion still exist?

I've been in the crypto space for so many years, and what I want to talk about most isn't those superficial topics, but the real story of this "meme coin ceiling"—its past and present. Honestly, projects that can survive the bubble and continue to iterate are few and far between in the entire community.

Let's start with the data. In August 2020, an anonymous developer launched this Shiba Inu-themed token. Imagine how absurd the initial price was—$0.00000001 per token, like a joke. No one took it seriously; at most, it was just a small experiment following Dogecoin's trend.

Then came October 2021. The price shot up directly to $0.000088. In 14 months, it increased by 8,800 times. I still vividly remember a fan's story: invested 200 yuan, the price soared to 170,000 yuan, and without hesitation, sold it to buy a car. I still thank their "recklessness" back then.

But is that all? No. Most people at that time only knew how to follow the trend and rush in. What truly made this project stand out among many meme coins wasn't just hype, but that it was actually building something. Ecosystem development, community governance, exploration of practical application scenarios—these are the reasons it has survived until today.

Many people who entered in 2021 might have already cashed out and run away. But if you look at its progress now, you'll find some interesting points worth paying attention to. This isn't about claiming it will rise another 8,800 times, but about recognizing that projects capable of settling from the crazy bubble and continuously optimizing their ecosystem deserve a fresh look.

Anyway, the carnival of 2021 is over. What remains are those projects that are truly doing things.

MEME-6,46%

DOGE-4,84%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
3
Repost
Share

Comment

0/400

TokenomicsPolice

· 20h ago

Trade 200 bucks for a car, is that guy still around? One sentence review: Projects that are alive are worth watching.

View OriginalReply0

TrustlessMaximalist

· 21h ago

To be honest, I’ve already lost all the gains I made back then, haha. The story of turning 200 bucks into a car has been told too many times, but I’ve never heard of anyone actually holding onto it until now. The hype around this ecosystem layout is pretty loud, but what exactly have they done? Projects that truly survive are definitely worth a look, but don’t start hyping up the next 8800x again. The most impressive are still those that haven't run away, at least it shows they have some real substance.

View OriginalReply0

JustHereForAirdrops

· 21h ago

Honestly, I also wandered in like a sleepwalker back then. Thinking about it now, it was just a gambler's mentality. But the last sentence of the article really woke me up — only projects that truly survive are worth paying attention to.

View OriginalReply0