Thoughts on SHIC +116% in 7 days – early PoW memecoin with merged mining (now on CoinGecko)

I recently came across a project called SHIC Shibacoin. It’s a fork of Dogecoin with its own Layer 1 blockchain, secured by Scrypt Proof-of-Work. What makes it stand out from most new memecoins is that it’s fully mineable and supports merged mining with Litecoin and Dogecoin, meaning miners can earn triple rewards without additional energy cost.

There was no pre-mine, no ICO, and no developer allocation, which makes the launch fairer than many recent tokens. Block rewards started high and halve every 100,000 blocks until reaching 10,000 SHIC, at which point inflation becomes more controlled — similar to Dogecoin’s long-term model.

Current stats (as of now):

• Total supply: ~89 billion SHIC
• Market cap: around $3.1M
• Recent performance: +116% in 7 days, +76% in 30 days, +603% in 90 days
• Volume (24h): ~$119K
• Listings: CoinEx, NonKYC, Exbitron, Nestex — and just recently added to CoinGecko
• Community: still small but growing (~1,500 Discord, a few hundred on Reddit/Telegram)

I think it’s interesting to see a new PoW chain in the memecoin space instead of yet another token on Ethereum or BSC. With merged mining, fair distribution, and low market cap, it feels early — but adoption will depend on whether miners and traders stick with it.

Has anyone here mined or traded SHIC? Do you think a small PoW chain like this has a shot in today’s market?