Crypto glossary
Shitcoin
Shitcoin is a pejorative for a crypto token seen as having little value, utility or chance of lasting, from obvious scams to hyped projects.
The term has been used since bitcoin's early years, when copycat coins with minor changes multiplied. Bitcoin maximalists apply it to almost every token other than bitcoin, while most other users reserve it for tokens with no product, anonymous teams, concentrated supply or tokenomics built mainly to enrich insiders. Memecoins are often described as shitcoins, sometimes proudly by their own communities.
Where the line sits is subjective. A token one investor calls a shitcoin may be another's high-risk bet, and some projects dismissed early on later built real usage. Still, the label points to a real pattern: the overwhelming majority of tokens ever launched have lost most of their value or stopped trading altogether.
Shitcoin season, or trading shitcoins, refers to speculative phases when low-quality tokens rally hard. The risks include rug pulls, illiquid markets where selling is difficult and contracts with hidden functions. Checking holder concentration, liquidity locks and contract audits filters out some of the worst cases.
Example
A trader buys a token launched the day before with no website, a copied logo and 60% of the supply in three wallets. Within a week the price is down 95% and he calls it his last shitcoin.