Inside the Surge of the SPSC Memecoin Backed by World LibertyFi

The Trump-linked World LibertyFi recently announced buying SPSC memecoin. The memecoin is a Solana token built around internet humor, social engagement, and a viral origin story tied to a remark made by WLFI co-founder Chase Herro. The token functions as a community-driven asset with simple tokenomics and a strong social media presence. 

What is SPSC and Why is it Linked to World LibertyFi?

SPSC is a Solana-based memecoin inspired by a long-standing joke involving WLFI co-founder Chase Herro. In 2018, Herro reportedly said that even “sh*t in a can wrapped in piss covered in human skin” could sell for one billion dollars if the story behind it worked. SPSC takes this phrase and turns it into a memecoin built around humor, provocation, and community engagement.

World LibertyFi publicly endorsed the token on its official X account. The group posted that it was buying SPSC because the “trenches found religion in USD1 memes,” referring to traders who specialize in early memecoin speculation. WLFI highlighted the token as a tongue-in-cheek tribute to Herro, which helped drive attention toward the project.

Following the endorsement, SPSC spiked more than 140% before correcting.

WLFI’s announcement drew a wide range of responses from community members. One user warned that it was “risky for World LibertyFi to promote a memecoin where a single holder could dump the entire project in one sell.” Another questioned the move, saying the token “felt crimey” even by usual standards.” A third user took the opposite view, arguing that SPSC could become “the next fartcoin” and expressing confidence for holding early.

Background of World LibertyFi

World LibertyFi is a crypto project linked to the family of former President Donald Trump. Its ecosystem includes WLFI tokens, a large treasury, and the USD1 stablecoin that serves as a main on-chain trading pair for several assets.

The WLFI treasury is valued at more than $7.4 billion according to Arkham data. Most of this is held in WLFI tokens. Arkham data also shows no visible accumulation of SPSC at the time of publication, despite WLFI’s public message about buying the memecoin. 

Endorsements without visible on-chain accumulation are not uncommon in memecoin episodes, especially when the goal is to amplify a joke or community sentiment rather than immediately build a strategic position.

In the case of SPSC, the public endorsement alone was enough to move the market.

How Did SPSC Gain Traction in the Market?

SPSC launched in early November through the Bonk.fun token launchpad, a tool used widely across Solana for fast, community-driven token creation. Bonk.fun helped many Solana memecoins rise this year, including projects that built strong early communities with minimal resources.

SPSC’s early traction came from:

• Traders known for spending time in the memecoin “trenches,” such as @MarcellxMarcell
• Its branding, which uses red metal cans labeled “SHIT” and “PISS”
• Its association with WLFI’s USD1 stablecoin pairings
• Viral sharing across X and Telegram communities
• Trading visibility on WEEX after its November 17 listing

By the time WLFI’s endorsement went live, SPSC had grown into a recognizable memecoin with a strong focus on humor, absurdity, and social experimentation.

SPSC now trades near 0.0089 dollars with a market capitalization of roughly $8-$9 million depending on volume at any given time.

How Does SPSC Actually Work on the Blockchain?

SPSC is built on Solana, a high throughput blockchain known for low fees and fast confirmation times. The token uses the standard SPL format, similar to how ERC-20 tokens operate on Ethereum.

Solana’s architecture allows SPSC transactions to settle quickly, which is a useful feature for memecoin trading because these tokens often experience high activity during short spikes of attention.

Key Technical Points

• SPSC is an SPL token on Solana
• Listed on the WEEX exchange with an SPSC USDT pair
• Created using the Bonk.fun launchpad
• Works inside the World LibertyFi ecosystem through USD1 pairings
• Functions mainly as a social and community token rather than a utility asset

These fundamentals are consistent with how most Solana memecoins operate. 

Memecoins with provocative or absurd themes have appeared before. Examples include:

• Dogwifhat (WIF), which uses a simple dog picture
• Bonk, which built an entire community around a lighthearted mascot
• Pepecoin, which used existing meme culture to grow rapidly

SPSC fits into this lineage by using satire to build a shared narrative. It appeals primarily to online communities that enjoy humor mixed with market activity.

How is SPSC Used?

SPSC serves primarily as a community and social token. Its main uses include:

• Participation in online meme communities
• Trading through Solana wallets and centralized exchanges
• Social signaling inside the WLFI-aligned memecoin ecosystem
• Interaction with traders involved in USD1-paired memecoins

The token is not designed for utility functions such as staking or governance. Its purpose is cultural rather than infrastructural.

What are the Tokenomics of SPSC?

SPSC has simple tokenomics with a near-maxed supply already circulating.

• Circulating supply: 999,921,400

• Total supply: 999,921,410.8

• Max supply: 999,921,410.8

This means almost all tokens are already in the market. There are no complex vesting schedules or unlock events. This structure is common among Solana memecoins launched through community-driven tools.

A fully circulating supply makes price movement dependent on market demand rather than future unlocks, which can be seen as a benefit for traders who prefer simple mechanics.

Why Did WLFI’s Endorsement Matter?

WLFI’s public message acted as a catalyst because:

• It connected a niche meme to a large crypto and political brand
• It created legitimacy among memecoin traders who look for signals
• It sparked further viral sharing across X
• It tied SPSC to USD1 activity, a stablecoin central to WLFI’s ecosystem

This type of interplay between major ecosystem accounts and emerging tokens has been seen before in other communities. For example, endorsements from popular Base ecosystem accounts boosted many early Base memecoins. The same effect appeared here.

WLFI’s endorsement served as a social validation event rather than a technical milestone.

SPSC’s main connection to WLFI is through narrative and trading pair alignment. Its primary pair uses USD1, which places the token within WLFI’s liquidity environment.

Even without direct treasury accumulation, the association helps reinforce WLFI branding and keeps its core stablecoin visible across active trading zones.

Conclusion

SPSC is a Solana memecoin rooted in humor, community activity, and a quote from World LibertyFi co-founder Chase Herro. It runs on the Solana network, uses simple tokenomics, and relies on viral culture rather than complex design. 

WLFI’s endorsement helped drive attention, but no major treasury purchases have occurred based on available data. The token’s capabilities center on community engagement, low-cost trading, and social participation. It sits within a broader trend of memecoins that use humor to build momentum without promising future performance.

Resources:

1. Article by Weex: What is Shit Piss Skin Can (SPSC) Coin?

2. SPSC/USDT chart

3. Arkham Intelligence Portal: Data about World LibertyFi portfolio

4. Report by The Block: Irreverent memecoin inspired by World Liberty founder rallies 130% after Trump-connected crypto project's endorsement

5. World LibertyFi on X: (Announcement on Nov. 24)