ChainSpin (SPIN): What Happened — History, Status & Token Today

What it was

ChainSpin presents itself as an on-chain crypto casino and sportsbook with slots, live dealer games and sports betting. Its X account says it holds an Anjouan gaming licence; we did not find the licence number.

CoinGecko lists a ChainSpin token (SPIN) on Base with chainspin.com as its website and @PlayChainspin as its X account. Separately, since August 2026 chainspin.com and the X account have promoted a 12-stage $SPIN presale, describing the contract as “live on Ethereum”. We could not establish from official sources whether the presale token is the same asset as the Base token listed on CoinGecko.

Timeline

1. 2 Mar 2026The @PlayChainspin X account is created. [10]
2. 4 Jun 2026The SPIN/WETH pool is created on Aerodrome (Base) at 12:09 UTC. [6]
3. 8 Jun 2026SPIN reaches its all-time high of $0.00166 on CoinGecko; June trading volume totals about $2.5 million. [5]
4. 10 Jun 2026Between 05:00 and 06:00 UTC about 497 million SPIN are sold into the main pool, cutting its WETH from about 25.8 to 2.6; the price falls about 99%. [7]
5. 24 Aug 2026ChainSpin announces its presale: stage 1 of 12 at 0.0125 USDT, “SolidProof audited”. [1]
6. 28 Aug 2026ChainSpin says $SPIN is capped at 1 billion with no mint function after the token generation event; presale 42.5%, team 2.5%. [2]
7. 1 Sep 2026ChainSpin reports more than $165,000 raised in the presale. [3]
8. 9 Sep 2026Last post on the ChainSpin X account. [4]
9. 19 Oct 2026chainspin.com still shows the presale at stage 1 of 12, $306,143.81 raised and a price of 0.0128 USDT, while the Base token trades at about $0.00002. [8]

How it ended

The SPIN token on Base that CoinGecko lists for ChainSpin collapsed six days after it started trading. In the hour from 05:00 UTC on 10 June 2026, 663 swaps pushed about 497 million SPIN into the main Aerodrome pool. The 19 largest sales, each roughly 10 million SPIN, came within about seven minutes, and the price fell from about $0.00088 to under $0.00001. The pool's liquidity was not withdrawn: it still held about $15,600 on 19 October 2026. Before the crash the pool had shown a steady volume of about $12,500 an hour at an almost unchanged price.

Since 24 August 2026 ChainSpin has been running a presale on chainspin.com at 0.0125–0.0128 USDT per $SPIN, several hundred times the Base token's market price. The presale posts do not mention the Base token. The X account stopped posting on 9 September 2026, while the presale page was still live on 19 October 2026.

We found no regulator warning or press report about ChainSpin. The presale's promises (staking, buybacks and burns, a later listing) could not be checked against delivery because no listing of the presale token has taken place.

Token today

The CoinGecko-listed SPIN is a Base token (0xe399fe2ce6d2fdc0ad41df5db203b55ef43cbe7f) with a total supply of 1 billion. Monthly volume on its pools fell from about $2.5 million in June 2026 to under $3,500 a month from July to October 2026 (GeckoTerminal).

According to ChainSpin's own posts the presale token is an Ethereum contract with a fixed supply of 1 billion. We did not find its address in the posts we reviewed.

Market and holder figures are snapshots from the date shown and change over time. This is not investment advice.