PotCoin: The Forgotten Crypto Project and What It Tells Us About Meme Coins

When you hear PotCoin, a cryptocurrency launched in 2013 to serve the legal cannabis market, often tied to early crypto experimentation and niche community hype. Also known as POT, it was one of the first coins built around a specific lifestyle, not technology or finance. Back then, crypto was still wild west territory — no regulations, no major exchanges, and plenty of projects that sounded cool but had no real plan. PotCoin wasn’t trying to change the world. It was trying to let people buy weed with Bitcoin-like tech. Simple. Weird. And for a while, it worked.

But PotCoin didn’t survive because it lacked real utility. No one built apps on it. No merchants adopted it widely. Its value came from hype, not use. Sound familiar? That’s the same pattern you see today with tokens like BURNS, a nearly dead crypto token with no community or trading volume, or xMOON, a high-risk token with no team and an 89% price crash. These aren’t outliers — they’re descendants of PotCoin’s model: low effort, high noise. The difference? Today’s scams are louder, faster, and often tied to trending blockchains like Solana. PotCoin faded quietly. Modern tokens vanish in a viral tweet.

What makes PotCoin worth remembering isn’t its price chart. It’s what it exposed: the danger of betting on identity over infrastructure. A coin tied to marijuana didn’t fail because weed was illegal everywhere — it failed because it didn’t solve a problem, it just rode a trend. That’s the same trap catching people today with tokens like PUMP, a Solana-based meme coin with massive volume but zero real utility beyond creating other tokens. The market keeps repeating the same lesson: if a coin’s only story is "it’s fun," it won’t last.

You’ll find posts here that dig into similar stories — the ghost projects, the dead exchanges, the tokens with no future. Some are cautionary tales. Others are lessons in how hype works. Whether you’re looking at SLEX Token, a utility token with no liquidity outside its own platform, or the rug pull, a scam where developers vanish after raising funds, you’re seeing the same DNA as PotCoin. The names change. The tech evolves. But the pattern? It’s still the same. If you’re trading crypto, you need to know the difference between a project that’s alive and one that’s just pretending.