At that time, the entire crypto community was buzzing with a saying: "Hold SHIB and drive a sports car by the end of the year." An inexplicably emerging Shiba Inu avatar token skyrocketed by hundreds of thousands of times, thanks to a tweet from Musk and memes flying all over Reddit. Everyone believed it - grassroots could really take on Wall Street with just one meme.
But looking back at this story now, one heartbreaking reality emerges: SHIB is not a technological innovation at all; it is merely an extreme experiment in the game of traffic and capital.
You will understand how it was created by looking at it. The anonymous founder "Ryoshi" followed the model of Dogecoin and issued 10 trillion tokens—half given to Vitalik Buterin and half locked in an exchange. There is no white paper, no roadmap, just a misleading tagline: "A token for the people."
What happened next was even more absurd. Vitalik Buterin woke up one day and decided to donate a large portion of his holdings, Elon Musk casually mentioned it, and those "turning a dollar into a million" videos went viral on TikTok... Liquidity, celebrity aura, and stories of overnight wealth, all blended together into a cocktail that left people blissfully unaware of their surroundings, boosted by the bull market.
But beneath this bubble, the problem always exists:
The hype will eventually cool down. What will sustain its value then? Once the community wakes up, what will be left of that consensus?
This also forces more and more people to think clearly about a fundamental question: In the crypto market, apart from this kind of speculative product that "bets on tomorrow", is there really a need for something that does not rely on hype, is not afraid of cycles, and is always a trustworthy value anchor?
In contrast to the madness of SHIB, the logic of stablecoins becomes particularly realistic. It does not promise wealth, but guarantees a fundamental thing: the value you invest today will still be there tomorrow. This boring reliability is exactly what is most lacking in the crypto world.
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Do you remember that summer of 2021?
At that time, the entire crypto community was buzzing with a saying: "Hold SHIB and drive a sports car by the end of the year." An inexplicably emerging Shiba Inu avatar token skyrocketed by hundreds of thousands of times, thanks to a tweet from Musk and memes flying all over Reddit. Everyone believed it - grassroots could really take on Wall Street with just one meme.
But looking back at this story now, one heartbreaking reality emerges: SHIB is not a technological innovation at all; it is merely an extreme experiment in the game of traffic and capital.
You will understand how it was created by looking at it. The anonymous founder "Ryoshi" followed the model of Dogecoin and issued 10 trillion tokens—half given to Vitalik Buterin and half locked in an exchange. There is no white paper, no roadmap, just a misleading tagline: "A token for the people."
What happened next was even more absurd. Vitalik Buterin woke up one day and decided to donate a large portion of his holdings, Elon Musk casually mentioned it, and those "turning a dollar into a million" videos went viral on TikTok... Liquidity, celebrity aura, and stories of overnight wealth, all blended together into a cocktail that left people blissfully unaware of their surroundings, boosted by the bull market.
But beneath this bubble, the problem always exists:
The hype will eventually cool down. What will sustain its value then? Once the community wakes up, what will be left of that consensus?
This also forces more and more people to think clearly about a fundamental question: In the crypto market, apart from this kind of speculative product that "bets on tomorrow", is there really a need for something that does not rely on hype, is not afraid of cycles, and is always a trustworthy value anchor?
In contrast to the madness of SHIB, the logic of stablecoins becomes particularly realistic. It does not promise wealth, but guarantees a fundamental thing: the value you invest today will still be there tomorrow. This boring reliability is exactly what is most lacking in the crypto world.