Poopcoin: The Meme Token Cultural Experiment within the Doodles Ecosystem

Poopcoin Background and Issuance

Poopcoin is a meme Token deployed on the Base blockchain, distributed directly through airdrops to holders of the Doodles NFT community. The Token openly claims that it may have no value at all, challenging traditional expectations of on-chain Tokens with an extreme level of transparency.

On-chain data status

The total supply of Poopcoin is 1 billion, with the circulating supply matching the total supply. There are over 19,800 wallet addresses holding the coin, and the daily trading volume is close to zero. The fully diluted valuation is comparable to the market cap, indicating limited market activity.

Issuance mechanism and fairness controversy

Poopcoin has no pre-mining and no team reserves, all of it is freely airdropped to NFT holders in the ecosystem, with no lock-up restrictions, allowing for free trading at any time. However, in the initial issuance, there were cases of a few wallets accumulating a large amount of tokens, leading to controversies over fairness and insider trading.

Community Culture and Symbolic Meaning

Poopcoin does not emphasize commercial value, but serves as a symbol of humor, satire, and the spirit of participation in the Web3 community. It reminds people that blockchain culture is not only about technology and capital, but also includes collective creativity and self-mockery, becoming a unique cultural expression in the crypto ecosystem.

Summary

Poopcoin may not make you rich, and it may even find no takers, but it will help you understand the core of on-chain culture, which is participation, collective humor, and reverse thinking.