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-4.11%

DOGE-3.46%

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NFTRegretful

· 01-17 08:31

Trading 200 yuan for a car really made a killing, but how many are still around now? Most probably cut their losses and ran long ago. Projects that have truly survived and are still iterating are definitely worth checking out, but don’t expect another 8800x return—that’s just a dream. Coming out of the bubble alive shows there’s still some value, and the ecosystem layout is indeed much stronger than just shouting signals. The nationwide frenzy back then is now a joke—survivor bias. People only remember the stories of making money, no one talks about losing money. Are there any new meme coins in this bull market that can take over, or are we just sticking to this old dog?

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TokenomicsPolice

· 01-14 20:47

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

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TrustlessMaximalist

· 01-14 20:35

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.

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JustHereForAirdrops

· 01-14 20:32

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.

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