One Shitcoin a Day: VET
VET is a project token built around the blockchain concept, and its white paper paints a grandiose vision.
Sounds pretty impressive, right?
Once the hype is over, there’s nothing left.
Back in the day, they even got a bunch of celebrities to endorse it and ran all sorts of marketing campaigns.
It had hype—and that’s about all it had.
Years have passed. The story’s been told, and all that’s left is a name and a coin price that keeps getting cheaper.
First, market share—and these are real numbers.
Binance’s total daily spot trading volume is $10.92 billion. The top dog, BTC, accounts for 17.3% of it all by itself.
What about VET? 0.017%—not even a rounding error.
And it still has the nerve to call itself popular?
Even in its own sector, it’s trailing a bunch of old heavyweights.
It’s not even second or third—at best, it’s just running along behind the pack.
And most of that tiny trading volume comes from futures traders shuffling tokens around.
Real buying demand on the spot market is pitiful.
Next, user numbers—and these are real numbers too.
It had 37,045 transactions in 24 hours.
Sounds like a lot, right?
That works out to fewer than 25 transactions per minute on average.
That’s the entirety of its popularity.
The number of people actually holding the coin with confidence is even lower.
Legitimate projects get more interactions in a single day than that.
That level of activity can’t support any kind of story.
If the project team can’t make money, how do they stay afloat?
By selling tokens.
They talk about building an ecosystem, but their actions tell the truth.
Every unlock window is another chance to dump.
Other projects use revenue to support their price; this one sells tokens to generate revenue.
You’re bringing in the money for them, and they’re using yours to tell the next story.
The circulating supply is far from small.
Unlock-related selling pressure hangs over the market like a sword, ready to drop at any moment.
The team holds a massive pile of tokens, bought at absurdly low prices.
They can dump without losing sleep; you’ll be sweating bullets catching the falling knife.
Hoping they’ll defend the price? Dream on.
Every token you buy today helps them unload theirs.
To put it plainly, VET is a classic “no hype, no money, no value” coin.
Its hype is all talk, and its price is held up by sentiment alone.
Once that sentiment fades, there’s no floor on the way down.
Don’t listen to people calling it an undervalued gem.
There’s a basement below the valley, and the “bottom” you buy could just be halfway down the mountain.
The numbers are right there: tiny trading volume, tiny market share, and hardly any people.
What are they going to use to sell you on the future—stories made of thin air?
With that time, you might as well look at ETH and SOL.
At least people are seriously building ecosystems there, and they won’t randomly hit you with a massive crash.
$ETH $SOL
VET is a project token built around the blockchain concept, and its white paper paints a grandiose vision.
Sounds pretty impressive, right?
Once the hype is over, there’s nothing left.
Back in the day, they even got a bunch of celebrities to endorse it and ran all sorts of marketing campaigns.
It had hype—and that’s about all it had.
Years have passed. The story’s been told, and all that’s left is a name and a coin price that keeps getting cheaper.
First, market share—and these are real numbers.
Binance’s total daily spot trading volume is $10.92 billion. The top dog, BTC, accounts for 17.3% of it all by itself.
What about VET? 0.017%—not even a rounding error.
And it still has the nerve to call itself popular?
Even in its own sector, it’s trailing a bunch of old heavyweights.
It’s not even second or third—at best, it’s just running along behind the pack.
And most of that tiny trading volume comes from futures traders shuffling tokens around.
Real buying demand on the spot market is pitiful.
Next, user numbers—and these are real numbers too.
It had 37,045 transactions in 24 hours.
Sounds like a lot, right?
That works out to fewer than 25 transactions per minute on average.
That’s the entirety of its popularity.
The number of people actually holding the coin with confidence is even lower.
Legitimate projects get more interactions in a single day than that.
That level of activity can’t support any kind of story.
If the project team can’t make money, how do they stay afloat?
By selling tokens.
They talk about building an ecosystem, but their actions tell the truth.
Every unlock window is another chance to dump.
Other projects use revenue to support their price; this one sells tokens to generate revenue.
You’re bringing in the money for them, and they’re using yours to tell the next story.
The circulating supply is far from small.
Unlock-related selling pressure hangs over the market like a sword, ready to drop at any moment.
The team holds a massive pile of tokens, bought at absurdly low prices.
They can dump without losing sleep; you’ll be sweating bullets catching the falling knife.
Hoping they’ll defend the price? Dream on.
Every token you buy today helps them unload theirs.
To put it plainly, VET is a classic “no hype, no money, no value” coin.
Its hype is all talk, and its price is held up by sentiment alone.
Once that sentiment fades, there’s no floor on the way down.
Don’t listen to people calling it an undervalued gem.
There’s a basement below the valley, and the “bottom” you buy could just be halfway down the mountain.
The numbers are right there: tiny trading volume, tiny market share, and hardly any people.
What are they going to use to sell you on the future—stories made of thin air?
With that time, you might as well look at ETH and SOL.
At least people are seriously building ecosystems there, and they won’t randomly hit you with a massive crash.
$ETH $SOL