Why is it called Shit Piss Skin Can? This phrase comes from an infamous rant by a crypto influencer in 2018 about how you can sell ““Shit in a box, wrapped in urine, covered in human skin” for a billion dollars at the peak of the crypto boom.
Buying $SPSC Because the trenches finally found religion in USD1 memes.
If they’re going to make a coin in honor of our WLFI co-founder… we’re in 🦅☝️– WLFI (@worldliberty) 24 November 2025
World Liberty Financial was founded in 2024 by Chase Herro and his business partner Zachary Folkman with the support of President Donald Trump, Eric Trump, and Donald Trump Jr. Herro, who often spells his name as “Hero” online, is a former weight loss guru and affiliate marketer who spent time in prison for selling marijuana, according to Bloomberg News.
But Herro is now at the center of Trump’s crypto empire – an empire that the president himself promoted heavily on social media during the 2024 presidential election. Herro’s rant about selling literal filth and urine recently inspired the creation of a new coin.
“If the story is true, you could literally sell a box of urine-soaked, human skin-covered shit for a billion dollars, because people would buy it,” Herro said in a 2018 YouTube video while driving a Rolls-Royce. “I’m not going to question the rights and wrongs of any of this. I’m just saying that as a human being, you have the potential to make a lot of money right now.”
The video where Herro originally talked about filth, urine and human skin has been made private, but it was played on MSNBC in 2024 and is available to watch on The Independent. Bloomberg reports that Herro was introduced to Trump by Steve Witkoff, the president’s current Russia-Ukraine peace negotiator, who was recently revealed to be coaching Russia on how to sell Trump his version of a peace plan.
Even crypto promoters seemed a little perturbed by World Liberty Financial’s promotion of its shock token on Tuesday. ,WLFI, the Trump crypto project ‘building the future of finance’ just promoted a ‘shit piss skin can’ coin,” one crypto influencer wrote. Another X account complained: “Stop this boring insider trading. You are being very disrespectful to WLFI holders.”
Crypto is struggling right now. Bitcoin is down 22% this month, and most other crypto prices have followed that trajectory. Michael Saylor’s company, Strategy, which buys ridiculous amounts of Bitcoin, has seen its shares drop 50% in the past three months. The company is now worth less than the Bitcoin it holds.
The stability of stablecoins that are often used to trade in and out of a given cryptocurrency is also a concern for investors. S&P Global Ratings on Wednesday cut its rating on Tether, the world’s most popular stablecoin, to 5, deeming it “weak” according to the Financial Times. This is the lowest rating on a five-point scale, with 1 being a “very strong” rating. The concern is that most of Tether’s reserves are tied up in high-risk investments, including “corporate bonds, crypto, gold and precious metals, secured debt, and who knows what else.”
Tether has often been a black box with little possibility of transparency, and yet the entire crypto system depends on it. And it doesn’t help that the company recently relocated to El Salvador, a country run by a far-right president that is investing its national reserves in Bitcoin.
The Trump family’s net worth has also reportedly declined over the past few months, falling to about $6.7 billion from $7.7 billion in September, according to Bloomberg. Which may help explain the increasingly strange moves you’re seeing from World Liberty Financial’s X account. Anyone who remembers the crypto crash of 2022 will remember that as liquidity pools of real cash began to dry up, things got increasingly strange.
What all this means is that there are big flashing warning signs for the crypto industry, which has yet to prove itself as anything more than a form of gambling. Domino’s Pizza is still not taking Bitcoin. And when you see that the president’s crypto company literally starts promoting a coin named after shit, urine, and human skin, it’s probably a sign that things are about to get really bad.
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