A memecoin known as Shit Piss Skin Can ($SPSC) jumped over 300% in worth after World Liberty Monetary, a crypto firm backed by President Donald Trump, promoted the cryptocurrency in a tweet on Monday.
Why is it known as Shit Piss Skin Can? The phrase comes from an notorious rant by a crypto influencer again in 2018 about how you could possibly promote “shit in a can, wrapped in piss, coated in human pores and skin” for a billion {dollars} on the top of the crypto growth.
Shopping for $SPSC as a result of the trenches lastly discovered faith in USD1 memes.
In the event that they’re gonna make a coin in honor of our WLFI Co-Founder… we’re in 🦅☝️— WLFI (@worldlibertyfi) November 24, 2025
World Liberty Monetary was based by Chase Herro and his enterprise associate Zachary Folkman, with the backing of President Donald Trump, Eric Trump and Donald Trump Jr. in 2024. Herro, who usually spells his title “Hero” on-line, is a former weight reduction guru and affiliate marketer who hung out in jail for promoting marijuana, in response to Bloomberg News.
However Herro is now on the heart of Trump’s crypto empire—an empire that the president himself promoted closely on social media in the course of the 2024 presidential election. Herro’s rant about promoting literal shit and piss lately impressed the creation of a brand new coin.
“You possibly can actually promote shit in a can, wrapped in piss, coated in human pores and skin, for a billion {dollars} if the story’s proper, as a result of folks will purchase it,” Herro stated in a 2018 YouTube video whereas driving a Rolls Royce. “I’m not going to query the best and incorrect of all that. All I’m saying is that as a human being, you’ve the flexibility to make a fucking shit-ton of cash proper now.”
The video the place Herro initially talked about shit, piss, and human pores and skin has been set to private however it was performed on MSNBC back in 2024 and is out there to look at on the Unbiased. Bloomberg studies that Herro was launched to the Trumps by Steve Witkoff, the president’s present Russia-Ukraine peace negotiator, who was lately revealed to have been teaching Russia on the way to promote its model of a peace plan to Trump.
Even crypto promoters appeared a bit disturbed by World Liberty Monetary’s promotion of a shock token on Tuesday. “WLFI, the Trump crypto challenge ‘constructing the way forward for finance’ simply promoted ‘shit piss pores and skin can’ coin,” one crypto influencer wrote. One other X account complained: “Cease this boring insider buying and selling. You’re insulting WLFI holders an excessive amount of.”
Crypto is struggling proper now. Bitcoin has plummeted, down 22% on the month, and most different crypto costs have adopted that trajectory. Michael Saylor’s firm, Technique, which buys ridiculous quantities of Bitcoin, has seen its shares fall 50% over the previous three months. The corporate is now price lower than the Bitcoin it holds.
The soundness of the stablecoins which can be usually used to commerce out and in of a given cryptocurrency can be regarding buyers. The S&P International Rankings lowered its evaluation of Tether, the world’s hottest stablecoin, to five on Wednesday, which is deemed “weak,” in response to the Financial Times. That’s the bottom ranking on a five-point scale, with 1 rated as “very robust.” The priority is that a lot of Tether’s reserves are tied up in high-risk investments, together with “company bonds, crypto, gold and valuable metals, secured loans, and who is aware of what else.”
Tether has usually been a black field with little in the best way of transparency, and but your entire crypto system depends upon it. And it doesn’t assist that the corporate lately relocated to El Salvador, a rustic run by a far-right president who’s investing his nationwide reserves into Bitcoin.
The Trump household’s web price has additionally reportedly taken successful over the previous couple of months, falling to about $6.7 billion from $7.7 billion in September, in response to Bloomberg. Which can assist clarify the more and more odd strikes you’re seeing from the X account for World Liberty Monetary. Anybody who remembers the crypto crash of 2022 will recall that issues turned more and more bizarre because the liquidity swimming pools of precise money began to dry up.
All of which is to say that there are huge flashing warning indicators for the crypto business, which nonetheless hasn’t proved to be something greater than a approach to gamble. Domino’s Pizza nonetheless isn’t taking Bitcoin. And whenever you see the president’s crypto firm begin selling a coin named after literal shit, piss, and human pores and skin, it’s in all probability a sign that issues are about to get actually dangerous.
