Ethereum

Shitcoin

April

Memecoin

<p>A new viral video demonstrates just how simple it is to create a shitcoin or memecoin in less than 30 seconds. With the recent rise in popularity of memecoins within the crypto industry, the video reveals how easily anyone with internet access can create a new cryptocurrency from scratch.</p>
<h2 style="text-align: center;" id="breaking-records-with-speedrun-creation">Breaking Records with Speedrun Creation</h2>
<p>Digital artist Johnny Shankman, known as whitelights.eth on Twitter, initially created and deployed a token called &#8220;EASY_MONEY&#8221; in just 27 seconds. However, this record was broken a day later when another user completed the process in only 22.45 seconds. The term &#8220;speedrun&#8221; comes from the gaming community, where it refers to completing a game or level as fast as possible.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">memecoin deploy% speedrun 27s ⏱️ <a href="https://t.co/OYaXGb5ITR">pic.twitter.com/OYaXGb5ITR</a></p>
<p>&mdash; whitelights.eth ⌖ (🦇🔊) (@iamwhitelights) <a href="https://twitter.com/iamwhitelights/status/1654606270614126594?ref_src=twsrc%5Etfw">May 5, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 style="text-align: center;" id="creating-a-token-with-contracts-wizard-and-remix">Creating a Token with Contracts Wizard and Remix</h2>
<p>In the viral video, Shankman demonstrates the ease of creating a new token using a program called <a href="https://docs.openzeppelin.com/contracts/4.x/wizard">Contracts Wizard</a>, developed by crypto cybersecurity firm OpenZeppelin. This tool generates code for an ERC-20 token in just a few clicks. Afterward, Shankman uses an application called Remix to compile the token&#8217;s smart contract and deploy it on a blockchain network. He chose the Ethereum testnet for his EASY_MONEY (EZ) token, emphasizing that the video was for educational purposes only and not for actual speculation.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">memecoin deploy% speedrun (rug skip, autocomplete skip) 22.45s  (WR)⏱️ <a href="https://twitter.com/iamwhitelights?ref_src=twsrc%5Etfw">@iamwhitelights</a> <a href="https://t.co/LDOsfbYNV4">pic.twitter.com/LDOsfbYNV4</a></p>
<p>&mdash; 𝚍𝚒𝚒𝚍 (@0xdiid) <a href="https://twitter.com/0xdiid/status/1654907299759271936?ref_src=twsrc%5Etfw">May 6, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 style="text-align: center;" id="the-popularity-of-shitcoins-and-memecoins-in-the-crypto-ecosystem">The Popularity of Shitcoins and Memecoins in the Crypto Ecosystem</h2>
<p>Shankman&#8217;s video gained widespread attention on Crypto Twitter, amassing over 3 million views across various accounts. This surge in interest comes as &#8220;shitcoins&#8221; have become increasingly popular in the broader crypto ecosystem. The recent memecoin boom has been primarily driven by a frog-themed token called <a href="https://walletinvestor.com/forecast/pepe-prediction">Pepe</a>, which experienced a staggering 5,000% increase in value since its launch on April 14.</p>
<h2 style="text-align: center;" id="copycat-tokens-and-the-new-unofficial-record">Copycat Tokens and the New Unofficial Record</h2>
<p>In a follow-up comment, Shankman noted that someone had created a token with the same name as his example, but clarified that he did not create or endorse it. A new video from another Twitter account emerged less than 24 hours later, showcasing the same process completed in just 22.45 seconds, setting a new unofficial record for memecoin speedruns.</p>

Shitcoin Creation Made Easy: Memecoin Speedrun Goes Viral

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