This article has been translated from English to Gen Z Slang.
A Yeet Coin is basically any coin or token that's been mothballed and no one's vibing with it anymore. 💀
Lots of reasons why a coin could flop, like:
- Being sus from the start, only for people to realize they got catfished later 😬
- Dev team ghosted, ditched their project, and bam, coin's missing from the exchange roster 💨
- Started out with solid creds and a legit crew, but then it lost the sauce and just couldn't keep up with milestones; nobody saw any point continuing 🙅♂️
- The coin's official site packed its bags and dipped 💻
- Money for the devs went poof ☁️
- Made ironically but still ended up bagging some major unexpected cash 😂💰
ICOs, or initial coin "Yolo's", totally hyped the crypto scene from under 50 to almost 1K in 2017. 🚀
Fast forward to 2020, and we got 8,000 coins around, many of them didn't keep the vibe alive due to the stuff I just covered. ➡️
A snooping session on all 2017 ICOs found that 80% were nothing but scams flexing over USD $1 billion. 🤑