Understanding DOGSHIT2 Coin in one article

Project Introduction

Dog shit going nowhere($DOGSHIT2), full name ‘Dog Shit Going NoWhere,’ is a meme coin issued on the Solana blockchain, which has attracted market attention due to legal disputes involving the Pump.fun platform.

Recently, the well-known U.S. law firm Burwick Law, on behalf of some investors, filed a class action lawsuit against Pump.fun, alleging that the platform may have engaged in misleading behavior. During the litigation process, Burwick Law allegedly created the $DOGSHIT2 token to demonstrate the extremely low threshold and convenience of issuing tokens in the Solana ecosystem. The law firm provided a tutorial on its official website, with $DOGSHIT2 as the example token.

Subsequently, on February 5, Burwick Law sent a cease and desist letter to Pump.fun, stating that their law firm has no association with the $DOGSHIT2 token, and requesting Pump.fun platform to immediately remove the token. This legal incident quickly attracted widespread attention in the crypto community.

Dog shit going nowhere (Source:https:/articles/430097273-DOGSHIT2-Dog-Shit-Going-NoWhere)

Project link:

X (Twitter):https://x.com/DOGSHIT2X

Dexscreener:https://dexscreener.com/solana/BXebtR4k2WiaZ1H

Rugcheck:https://rugcheck.xyz/tokens/BXebtR4k2WiaZ1HJmxcZkoC

Pump.fun:Dog Shit Going NoWhere (DOGSHIT2 ) - Pump

Solscan:https://solscan.io/token/BXebtR4k2WiaZ1

Trading Entrance:https://www.Gate.com/zh/pilot/solana/dog-shit-going-nowhere-dogshit2

Token Information

Token Name: Dog Shit Going NoWhere (DOGSHIT2)

Release date: January 16, 2025

Total Supply: 1,000,000,000 coins

Token Type: SPL

Contract Address: BXebtR4k2WiaZ1HJmxcZkoCdxSBx1g1xnEpVra9Ppump

$DOGSHIT2 On-chain information (Image source:Dog Shit Going NoWhere (DOGSHIT2 ) | Solscan)

Market Performance

In the past ten days, DOGSHIT2 token has shown a typical meme coin trend of ‘brief surge - rapid fall,’ with a short-term maximum increase of over 500%; after February 8th, DOGSHIT2 entered a consolidation phase, with a significant decrease in market trading volume, and speculative funds have gradually withdrawn.

As of the time of writing on February 10th, UTC+0, the latest quote for $ DOGSHIT2 is $0.0023, with a fully circulating market value of $2.303 million and 5087 holding addresses. Currently, the market is in a wait-and-see state, and a new trend market has not yet formed.

01/31 - 02/11 period $DOGSHIT2 trend (Chart Source: https://dexscreener.com/solana/BXebtR4k2WiaZ)

Risk Warning

DOGSHIT2 token has attracted attention due to its involvement in legal disputes related to Pump.fun, and the subsequent progress of the litigation will have a significant impact on the project. If the result is unfavorable, it may lead to a decline in market confidence; in addition, DOGSHIT2 has no clear technical development or ecological application, and its value mainly depends on the spread of social media and market speculation. If the market heat declines or the community attention decreases, the token may lose its investment value. It is recommended that market participants check liquidity and order depth before trading, and closely monitor market sentiment, progress of legal disputes, and project dynamics.

Conclusion

The price performance of $DOGSHIT2 is closely related to legal disputes. Although it achieves rapid price increase in the short term due to community popularity, its long-term value remains uncertain. Investors need to follow the progress of legal proceedings before participating in trading to avoid asset losses caused by liquidity risks. For investors focusing on meme coins, there may still be short-term trading opportunities for DOGSHIT2, but it is important to control positions reasonably.