New token Shitcoin 10x growth on its first day. What makes this DexScreener competitor capable of attracting whales?

According to the latest news, the token screening tool Shitcoin (token symbol $SCREENER) has launched on Alpha Exchange, and its first-day performance was exceptionally explosive. The project’s market cap surged from an initial $500,000 to $5 million on the first day, achieving a 10x growth. Currently, the market cap has stabilized at approximately $7.5 million. This new project, positioned as a competitor to DexScreener, has quickly attracted market attention through a differentiated business model and a long-term supply lock-up mechanism, even catching the interest of whale investors.

Why Was the First Day Performance So Strong

Market Cap Growth Trajectory

According to relevant information records, the project’s market cap changes after launch are as follows:

A trader entered when the market cap was only $178.22k and closed the position when it reached $752.92k, realizing a profit of 185.98%. This high return for early entrants further fueled market FOMO.

Market Enthusiasm Drivers

The project ranked among the trending lists on Moby Mobile on its first day, attracting a large number of retail and professional traders’ attention. According to reports, the project even caught the eye of whale tracking accounts, which is quite rare for a new project at launch.

Differentiated Business Model as Core Competitiveness

Comparison with DexScreener

Shitcoin aims to be an alternative to DexScreener but adopts a markedly different strategy:

• Token Certification Fee: Shitcoin charges $20, whereas DexScreener charges $300, offering a clear price advantage
• Supply Lock-up Mechanism: 62.5% of the token supply is locked in Streamflow for 6 months, meaning over 60% of tokens are inaccessible during the lock-up period, helping to stabilize long-term prices
• Fee Commitment: Developers have already paid DEX fees, reducing the cost for new tokens to go live

Features Already Implemented

According to the latest information, the project completed several plans on its first day:

• Community Building: Telegram and X communities have been established
• Referral Program: A mechanism for users to earn rewards by referring projects is live
• AI Features: Integrated market insight AI tools
• Mobile App: Under development

Future Plans Show Greater Ambition

Upcoming Features

The project team has publicly announced that they will soon launch a P2P prediction market feature, allowing users to predict and bet on different meme coins within “Shitcoin Battles.” If successfully implemented, this will further expand the project’s use cases.

Development Team Background

Based on community feedback, the developers have been active in the crypto space since 2018 and possess certain project operation experience. The 62.5% supply lock-up also demonstrates the developers’ long-term commitment to the project.

Risks to Watch Out For

Although the first-day performance was impressive, every new project carries uncertainties. The market cap fluctuated from $50k to $752k and experienced a pullback from $530k to $400k, indicating significant market sentiment volatility. In the long run, whether the project can truly replace or divert users from DexScreener still requires time and actual functional performance to verify.

Summary

Shitcoin’s 10x growth on the first day results from three combined factors: low-cost token certification breaking DexScreener’s monopoly, 62.5% long-term lock-up providing price support, and rapid feature deployment along with community building demonstrating execution capability. Market reactions suggest that this project indeed meets user demand for low-cost, innovative screening tools. However, whether the explosive first day can translate into long-term project value depends on the performance of subsequent features like the P2P prediction market and whether it can genuinely attract DexScreener users to migrate.