SPSC memecoin skyrocketed by almost 130% after a one-of-a-kind announcement from World Liberty, a crypto initiative related to the ex-U.S. President Donald Trump’s family, that it intends to pump the token. The promotional stunt caused a quick upturn of the memecoin in terms of trading volume, advertising loudness, and exposure in the Solana memecoin neighborhoods. Globally, briefly, the currency hit beyond 143% from the commencement of the operation before dropping again, but it still recorded substantial profits when the situation was monitored later, as per the information on DEX Screener.
The memecoin, as per reports, carries the personality of the co-founder of World Liberty Chase Herro and his loud maverick, which are the points of the power of one – branding, storytelling, and emotional attachment in the rise of the crypto market. Several market watchers commented on the fact that the rally seemed to be a movement of the community’s opinion and the viral memetics effect rather than the candidates’ technical background or utility development.
Source: DexScreener
SPSC is an acronym that stands for “Sht Pss Skin Can” and was brought up to be the parody of the tribute to a hypothetical Herro’s statement in 2018, where he claimed even “sht in a can, wrapped in pss, covered in human skin” could be sold for “$1 billion if the story is right.”Since then, the expression has been used as an evolving cultural reference point among traders who are exploring speculative meme-driven token launches.
After the endorsement, World Liberty tweeted X it was “purchasing $SPSC as the trenches finally found religion in USD1 memes,” indicating its own stablecoin USD1, which is the main trading pair for the SPSC token. Herro took a screenshot of the tweet, put a can emoji alongside it, and thus shared it with his followers, which gave rise to more attention and speculation in the digital asset market.
After the endorsement, SPSC was trading at approximately $0.0063, and its market cap was reported to be close to $6.8 million. The activity was highly volatile, as the price swung steeply between extremes before finally settling at levels significantly higher than those in earlier sessions. Traders active in the Solana memecoin markets and users like @MarcellxMarcell, who are known by their pseudonyms, promoted the token as one of the future building blocks of the World Liberty ecosystem.
Notwithstanding the intention publicly communicated, on-chain data sourced from Arkham show that World Liberty has not made a sizeable purchase of the asset yet. The project’s treasury is worth more than $7.4 billion, out of which about $7.1 billion is in WLFI tokens. Some of the analysts and community members have even hinted that the post might be just a friendly nudge rather than a declaration of a concrete strategic move.
SPSC came into existence in Solana using a Bonk.fun token launch platform in the first week of November. The token’s meteoric rise is a typical case of how attention has been shifted to experimental and satirical digital assets that are entirely driven by viral momentum and not by some structured development roadmaps. Inside its expanding community, SPSC is the next chapter in the World Liberty cultural narrative as the continuation; however, no official communication-based, beyond social endorsement, has been confirmed.
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